This form gives rights which a party may have had in a promissory note, over to another individual. The Assignment is only partial. It pertains to only specific monthly payments. All Assignors sign this document in front of a Notary Public.
Absolutely! Having a good lawyer on your side can help you navigate the details and make sure everything is fair and square.
Sure thing! You'll typically keep making payments like you always have, but expect to coordinate with both lenders, just to keep everything running smoothly.
Yep, it's essential to keep your lender in the loop. They need to know about any changes to avoid any hiccups down the road.
Your mortgage won't change much, but you'll now have another lender sharing rights. You'll still make payments to the original lender, and the new one will be involved too.