VIEWS: 106 PAGES: 5 CATEGORY: Real Estate POSTED ON: 12/8/2011
This is an agreement whereby the lender of a mortgage transfers all of its rights and responsibilities to a new lender. The borrower does not change and its rights and responsibilities remain the same under this agreement. The new lender assumes the role of the original lender by receiving payments and has the power to foreclose on the property, if necessary. It contains both standard clauses as well as opportunities for customization to ensure that the understandings of the parties are properly set forth. This document is ideal for lenders located in Delaware that want to purchase or sell a mortgage on a specific piece of property.
"Delaware Assignment of Mortgage"