Assignment of Deed of Trust by Individual Mortgage Holder - Nevada 2025

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  1. Click ‘Get Form’ to open the Assignment of Deed of Trust in the editor.
  2. Begin by entering the APN # and the details of the party requesting the recording, including their name and address.
  3. Fill in the 'Send Tax Statements to' section with the appropriate name and address for tax statements.
  4. In the 'ASSIGNMENT OF DEED OF TRUST' section, provide the names and addresses of both the Assignor (current holder) and Assignee (new holder).
  5. Complete the details regarding the Deed of Trust, including its date, original trustee, original beneficiary, and filing information.
  6. Specify the amount secured by the Promissory Note in dollars.
  7. Have the Assignor sign and print their name at the designated area. Ensure that this is done on or after filling out all necessary fields.
  8. Finally, complete any notary requirements as indicated at the bottom of page two.

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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.
Assignment of mortgage typically happens because, once you close on your mortgage loan, your lender will quickly sell the mortgage note to another entity. Doing so allows your mortgage provider to ensure future financial liquidity so that it can keep extending home loans to other borrowers.
If youre looking to give away or transfer your share in a property, a Deed of Assignment is the correct legal instrument. If youre buying a property with someone else and want to protect or define your investment, a Deed of Trust is the more appropriate choice.
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.
Deeds of Trust. The Trustee can be a natural person or legal entity. There is no residency requirement.
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A Deed of Trust is a financing agreement where the property is conveyed to a neutral third party (trustee) as collateral for a loan. The borrower (mortgagor) retains equitable title, while the trustee holds legal title until the loan is repaid.

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