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DEED of TRUST, ASSIGNMENT of RENTS and LEASES, SECURITY AGREEMENT and FIXTURE FILING Form

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DEED of TRUST, ASSIGNMENT of RENTS and LEASES, SECURITY AGREEMENT and FIXTURE FILING Form

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assignment of rents what are they so you pull a title and you see an assignment of rent or you're buying a new property as a rental property and you're asked to sign an assignment of rant what is it for what is it there for what does it mean so if someone has a mortgage and they're going to be renting out a property the bank wants to make sure that they get their payments if they don't get their payments they kind of get grumpy so an assignment of rents allows a bank who isn't getting their monthly payments from the borrower to go right to tenants and demand that they make the rent payments right to the bank or the mortgage lender in that case they get the payments the person doesn't who's renting out the property but the bank or lender has the money that they need to make the payments on a regular basis now if you sell a property yes it's on the title but as soon as the mortgage that it's associated with disappear

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