This Assignment of Mortgage (Absolute) will effectively assign a mortgage as security collateral. This agreement is between the person holding the mortgage (the “assignor”) and the person to whom the mortgage is assigned (the “assignee”) and sets forth the specific details of the assignment. These terms include the names of the assignor and assignee, the address of the mortgaged property, recording information of the mortgage and the amount of indebtedness from mortgage borrower to assignor. It is imperative that this transaction be set out in writing. A written Assignment of Mortgage (Absolute) will be valuable in the event there are disagreements or disputes between the parties.

This Assignment of Mortgage (Absolute) includes the following provisions:

• Effective Date/Parties: Sets forth the effective date of the mortgage assignment and the names of the assignor and assignee;
• Mortgage Information: The date and recording information of the mortgage, name of the borrower, address of mortgaged property, original amount of the mortgage and the amount of indebtedness presently owing;
• Mortgage Assignment: Sets forth that assignor transfers their interest in the mortgage to the assignee and the amount of indebtedness presently owed;
• Security: Assignor sets out that mortgage is a valid security and that the mortgage has not been discharged;
• Signatures: Both parties must sign and date the mortgage assignment in the presence of witnesses.

Protect your Rights and Property by using our attorney-prepared forms.

This attorney-prepared packet contains:

1. General Instructions
2. Assignment of Mortgage (Absolute)

State Law Compliance: This form complies with the laws of all states