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Allonge to Note Example Form

Allonge to Note Example Form

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Video instructions and help with filling out and completing Allonge To Note Example Form

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Instructions and help about sample allonge to note

hey everybody scott carson here with  another term of the day today's term   goes hand in hand with the previous one today is  what is an alarge now on the launch a-l-o-o-n-g-e   is a form that previously um used to be just a  signature on the back of a mortgage now taking it   back before we've had all the mortgage companies  pop up and millions and millions of mortgages   houses being built and loans being refinanced  what used to happen is that a bank or lender   would hold on to the original copy of the  mortgage and then when it was sold they would   simply flip the mortgage over the documents  and on the back page they would endorse   the payments to be received from the originating  bank to the new person that they endorsed it to   so that endorsement is called the lounge now  many of you have endorsed the back of a check   when you've gotten a check to sign a checkover  that's basically a launch but in the mortgage   business as more and more banks

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