Posted by Anonymous on 11/18/04 11:23pm
Msg #11661

Assignment Deed?

I'm trying to be a loan signing agent and have been reading a book about it. My friend knew I was reading a loan signing book and asked me if I knew what an assignment deed was and what it was used for. So I looked it up and couldn't find. Now I am puzzled and wanted to know if someone could help me. Thank you - Puzzled

Reply by julie on 11/19/04 9:13am
Msg #11677

When the lender assigns (sells) the loan to another lender. Borrowers do not sign.

Reply by Anonymous on 11/19/04 9:47am
Msg #11678

Thank you! It had me so puzzled. The book called it something else.