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The Assignment of Mortgage refers to the transfer of the rights and obligations of a mortgage from the original lender to another party. This transfer typically occurs when the original lender wants to sell the mortgage to another entity, such as an investor or a financial institution. Assignment Of Mortgage - Lark Lark topics realestate-glossary Lark topics realestate-glossary
What is a mortgage reassignment?
An assignment of mortgage documents the transfer of a mortgage from an original lender or borrower to another person or entity. Lenders regularly sell mortgages to other lenders. Less often, a borrower transfers the mortgage to someone else who assumes the mortgage. Assignment of Mortgage | Boston Real Estate Lawyer Pulgini Norton Pulgini Norton, LLP assignment-of-mortgage Pulgini Norton, LLP assignment-of-mortgage
Why would a lender want to assign a mortgage loan?
A mortgage transfer involves reassigning an existing mortgage from the current holder to another party. This can be a strategic option for homeowners struggling with payments, provided their mortgage terms allow it. Transfer of Mortgage: Process, Benefits, and Preconditions Investopedia terms transfer-of-mort Investopedia terms transfer-of-mort
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