Assignment of Deed of Trust by Corporate Mortgage Holder - North Carolina 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in the 'Prepared by and after Recording Return to' section with your name, firm/company, address, city, state, zip, and phone number.
  3. Enter the Assessor’s Property Tax Parcel/Account Number if applicable.
  4. In the 'ASSIGNMENT OF DEED OF TRUST' section, provide the names and addresses of both the Assignor and Assignee.
  5. Fill in the details regarding the Deed of Trust including date, mortgagor(s), original trustee, original beneficiary, and where it was filed.
  6. Specify the amount of the Promissory Note secured by this assignment.
  7. Complete the execution section with the date and signature of the Assignor along with their title.
  8. Ensure that a notary public acknowledges the document by filling in their details at the bottom.

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A few states let lenders use both trust deeds and mortgages. Still, even in these states, your lender will choose which document youll have to sign.
The majority of the time a deed of trust is used in a real estate transaction in North Carolina, it will be a purchase money mortgage, or a mortgage issued to the borrower by the seller of the home as part of the purchase transaction, unlike a traditional mortgage which is obtained through a bank.
Such transfers often happen when a lender sells the mortgage to another financial institution or when borrowers refinance their loans for better terms. Mortgage assignments are essential because they help lenders manage risk and liquidity while offering borrowers new options and potential benefits.
If your name is on the deed but not on the mortgage, you legally own part of the house and have rights to it. However, you are not responsible for mortgage payments unless you co-signed the loan.
An Assignment of Deed of Trust transfers the rights to a new owner to become the lender of record. This new lender gains the ability to: Foreclose on the property if the borrower defaults. Collect payments from the borrower.

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