Assignment of Mortgage Package - New Hampshire 2025

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A recorded mortgage must be discharged by a certificate signed by the mortgagee, his personal representatives or assigns, acknowledged or proved and certified as prescribed by the chapter on recording transfers, stating that the mortgage has been paid, satisfied, or discharged.
Understanding the practical implications of the Assignment of Mortgage is crucial for real estate businesses. Firstly, it allows lenders to manage their risk exposure effectively. By transferring mortgages to other parties, lenders can reduce their exposure to potential defaults and diversify their loan portfolios.
Additionally, the Assignment of Mortgage plays a crucial role in the secondary mortgage market. It allows investors to buy and sell mortgages, providing liquidity to the market. This liquidity is essential for ensuring a steady flow of funds for new mortgage originations.
A transfer of mortgage is the reassignment of an existing mortgage from the current holder to another person or entity. Not all mortgages can be transferred to another person. If a mortgage can be transferred, the lender has the right to approve the person assuming the loan.
An assignment of mortgage gives the loan sellers rights under the mortgage, including the right to foreclose if the borrower doesnt make payments, to the new owner of the loan.
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In a mortgage assignment, your original lender or servicer transfers your mortgage account to another loan servicer. When this occurs, the original mortgagee or lenders interests go to the next lender. Even if your mortgage gets transferred or assigned, your mortgages terms should remain the same.

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