Sample Collateral Assignment of Note and Mortgage Doc

[Nate J.]

Does anyone have a sample of how this document is written? Would obviously have an attorney modify for my state but would like to see how this is written.  Appreciate any help!

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A collateral assignment is the transfer of ownership rights of an asset from a borrower to a lender (e.g. one investor to one note), in exchange for the granting of some type of loan. This requires 2 documents, a promissory note with the new lender and the Collateral Assignment of Note Deed of Trust document (including a legal description of the property that is tied to the note). The Collateral Assignment of Note Deed of Trust document gets recorded with the county so you would have first claim to the note if the terms were ever defaulted on. 

[Tim S.]

You don't really need an attorney, just copy exactly the previous assignment and change the names.  Instead of, "from A to B",  change to, "From B to C".  These are public documents so you can go to the county website and pull up as many as you would like to see examples of "Assignment of Mortgage".  

Notes don't have assignments, they have "Allonges"  these don't get recorded with the county, they are very simple docs.  Send me your e-mail address and I'll send you an example.  You can contact me through my website overdrivenotes.com