Collateral Assignment of Note and Mortgage

Collateral Assignment of Note and Mortgage

Washington, DC · Member since 2013 · 35 posts · 18 votes

Doing my first lending deal and the borrowers attorney sent us the paperwork that doesn't have property address nor it mentions the title company that I'm instructed to wire money through. Can someone who has experience is these sort of deal or is an attorney tell me if these things are normally on the paperwork or they aren't? Seems weird to me but I do not know how these these documents supposed to look.

Thanks

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Specialist · Westlake Village, CA · Member since 2010 · 1k+ posts · 781 votes
10y

There must be mention of what collateral the note is secured with, typically a legal description in the original note

If this is an assignment of an existing note, there should be a reference to the note that is being assigned.

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  • Specialist · Westlake Village, CA · Member since 2010 · 1k+ posts · 781 votes
    10y

    There must be mention of what collateral the note is secured with, typically a legal description in the original note

    If this is an assignment of an existing note, there should be a reference to the note that is being assigned.

  • Rock Hill, SC · Member since 2015 · 1k+ posts · 597 votes
    10y
    Originally posted by @Olga Fomenko:

    Doing my first lending deal and the borrowers attorney sent us the paperwork that doesn't have property address nor it mentions the title company that I'm instructed to wire money through. Can someone who has experience is these sort of deal or is an attorney tell me if these things are normally on the paperwork or they aren't? Seems weird to me but I do not know how these these documents supposed to look.

    Thanks

    Olga

    We were speaking then I got tied up. Pm more then happy to answer you question.

    Not making sense.

    I can send you note and mortgage for lenders on m y projects here in Both NC and SC. They are very property specific. With our an address some thing is not making sense.

    Alex

  • Member since 2019 · 3 posts · 1 vote
    6y

    @Alex Franks do you have a sample document for collateral mortgage assignment?

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