Harris County, Texas Assignment of Deed of Trust is a legal document that allows the transfer of the beneficiary interest in a deed of trust from one party to another. This assignment serves as proof of the change in ownership and ensures that the new beneficiary assumes all rights and responsibilities associated with the deed of trust. In Harris County, Texas, there are different types of Assignment of Deed of Trust, each serving a specific purpose. The common types include: 1. Standard Assignment: This type of assignment is used when transferring the beneficiary interest in a deed of trust from the original lender or beneficiary to a new lender or beneficiary. It outlines the details of the original deed of trust and clearly identifies the new beneficiary. 2. Partial Assignment: In some cases, the beneficiary of a deed of trust may choose to transfer only a portion of their interest to another party. This partial assignment allows for the transfer of a specific fraction or percentage of the beneficiary interest, maintaining the original lender as a party to the deed of trust. 3. Substitution of Trustee: A Substitution of Trustee is a type of Assignment of Deed of Trust that occurs when the original trustee of the deed of trust is replaced by a new trustee. This assignment ensures that the new trustee has the legal authority to carry out the duties and responsibilities associated with the deed of trust. 4. Assignment of Deed of Trust with Note: This type of assignment involves transferring both the beneficiary interest in the deed of trust and the associated promissory note from the original lender to a new lender. It serves as a comprehensive transfer of the entire mortgage and note to the new party. Furthermore, when executing any Assignment of Deed of Trust in Harris County, Texas, it is essential to follow the specific requirements outlined in the Texas Property Code. The document should include the legal description of the property, the names of the original and new beneficiaries, the date of the assignment, and the recording information of the original deed of trust. It is important to consult with a qualified real estate attorney or seek professional advice when dealing with an Assignment of Deed of Trust in Harris County, Texas, to ensure that all legal requirements are met and the transfer of beneficiary interest is properly documented.
Harris Texas Assignment of Deed of Trust
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