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Assignment of Deed of Trust by Individual Mortgage Holder Arizona Form

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Assignment of Deed of Trust by Individual Mortgage Holder Arizona Form

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welcome to county office your ultimate guide to local government services and public records let's get started what is an assignment of deed of trust an assignment of deed of trust is a legal document it transfers the interest in a property from one party to another this often occurs when a mortgage loan is sold the original lender assigns the deed of trust to a new lender the new lender then holds the security interest in the property the the borrower is notified of the assignment the terms of the loan do not change with the assignment the new lender must honor the original loan terms the assignment is recorded with the county record's office this ensures public notice of the change in lender recording the assignment helps protect the new lender's interest it also provides transparency in property records an assignment of deed of trust is common in real estate transactions it is an important part of the secondary mortgage AG Market understanding this process is

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