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Michigan Assignment of Mortgage by Individual Mortgage Holder  Form

Michigan Assignment of Mortgage by Individual Mortgage Holder Form

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Instructions and help about Michigan Assignment Of Mortgage By Individual Mortgage Holder

So do you have a mortgage assignment on your property and if so what does that mean this is Dave at title search.com a mortgage assignment is a granting of your mortgage on your property to another banker another lender that means that another lender who did not contract with originally now has the rights to your mortgage and to the deed to your house this can many times happen with out your knowledge or even without your permission a mortgage company in your original contract has the right to assign it to another lender so let's say bank XYZ lends you some money in the house you sign a mortgage you make them payments for 3-4 years and at some point they decide they're gonna sell that mortgage to another bank they can go and do that you may get a letter in the mail saying a from now on pay your payment ABC bank so that may be an indication that your mortgage was assigned in some cases the payments still go to the original bank as what's called the servicer they

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