Colorado Assignment of Deed of Trust by Corporate Mortgage Holder

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The house deed and mortgage are separate legal documents with different purposes. A deed proves ownership and transfers title, while a mortgage is a loan agreement. Your lender holds a lien on the property, not a mortgage, meaning they do not hold the deed itself.
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. Exercise loss mitigation measures, such as loan modifications or forbearance agreements.
Is Colorado a Mortgage State or a Deed of Trust State? Colorado is a Deed of Trust state.
The original deed is returned to the owner of the property from the office of the recorder after proper entry. The office of the Recorder of Deeds maintains a set of indexes about each deed recorded, for an easy search. Almost all states have a grantor-grantee index including a reference to all documents recorded.
Like mortgages, when a deed of trust is transferred from one party to another, an assignment is usually recorded in the county records. Transfers of mortgages and deeds of trust are both called assignments. An assignment transfers the sellers interest under the mortgage or deed of trust to the new owner.
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You can search for property records and property ownership information online, in person, or over the phone with a 311 representative. Property owners of all boroughs except Staten Island can visit ACRIS. To search documents for Staten Island property, visit the Richmond County Clerks website.
If you werent able to find your deed online, then your next step is to contact your County Recorders Office. You can also pay them a visit in person. Here, you can speak with a customer service representative and request help locating and obtaining a copy of your deed.

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