Savannah Georgia Assignment of Mortgage Package

• Category: Real Estate - Mortgages and Deeds of Trust
• State: Georgia
• City: Savannah
• Control #: GA-P031-PKG
• Format: Word; Rich Text

Description

With this Assignment of Mortgage Package,you will find the forms and letters that are necessary for the owner of a deed of trust/mortgage to convey the owner's interest in the deed of trust/mortgage to a third party.

Included in your package are the following forms:

1. Assignment of Deed of Trust by Individual Mortgage Holder;

2. Assignment of Deed of Trust by Corporate Mortgage Holder;

3. Letter of Notice to Borrower of Assignment of Mortgage;

4. Letter to Recording Office for Recording Assignment of Mortgage;

The Savannah Georgia Assignment of Mortgage Package is a legal document that facilitates the transfer of a mortgage loan from one party to another in the Savannah, Georgia area. This package contains various forms and paperwork required for the assignment process. One type of Assignment of Mortgage Package is the Savannah Georgia Blank Assignment of Mortgage form. This form is used when the original lender wants to transfer the ownership of the mortgage to another party, such as another financial institution or an investor. The blank form allows the necessary details of the mortgage, such as the borrower's information, loan amount, and property details, to be filled in by the assignor and assignee. Another type is the Savannah Georgia Partial Assignment of Mortgage form. This form is utilized when the lender wishes to assign only a portion of the mortgage loan to another party. This could occur, for instance, when the lender wants to sell a percentage of the mortgage to an investor while retaining a portion of it. The Partial Assignment of Mortgage form would specify the exact portion being assigned and outline the terms and conditions of the transfer. Furthermore, the Savannah Georgia Substitution of Trustee form is an essential document in an Assignment of Mortgage Package. This form allows the lender to substitute the trustee of the mortgage with another party, such as a title company or a different individual. The new trustee would then assume the responsibilities and legal obligations associated with the mortgage. Additionally, the Assignment of Mortgage Package may include an Affidavit of Right of Possession form. This form serves as a statement from the assignor, confirming their legal authority and right to assign the mortgage. It may be required to ensure that the transfer process is lawful and valid. In conclusion, the Savannah Georgia Assignment of Mortgage Package encompasses various forms and documents important for transferring the ownership of a mortgage in the Savannah area. The package may include forms such as the Blank Assignment of Mortgage, Partial Assignment of Mortgage, Substitution of Trustee, and Affidavit of Right of Possession.