Connecticut Deed of Trust — Assignment refers to the legal document that allows the transfer of a mortgage or deed of trust from one party to another. This assignment is often used when there is a change in the ownership of a property or when a lender sells a loan to another financial institution. In Connecticut, there are different types of Deed of Trust — Assignment documents, including: 1. Full Assignment: A full assignment is the most common type and involves the transfer of the entire mortgage or deed of trust from the assignor (original lender) to the assignee (new lender or party). 2. Partial Assignment: A partial assignment is used when only a portion of the mortgage or deed of trust is being transferred. This can occur when a lender wants to sell a fraction of a loan to another party. 3. Assignment of Rents: An assignment of rents is a specific type of Deed of Trust — Assignment that pertains to rental properties. In this case, the assignor transfers the right to collect rent from the property to the assignee. 4. Substitution of Trustee: A substitution of trustee is another type of Deed of Trust — Assignment that involves changing the trustee named in the original deed of trust. This is often done to comply with legal requirements or to accommodate the interests of the lender or borrower. 5. Collateral Assignment: A collateral assignment occurs when the assignor offers a property as security for a loan or debt. The assignee holds a lien on the property until the debt is repaid. Connecticut Deed of Trust — Assignment documents typically include details such as the names and contact information of the assignor and assignee, a description of the assigned property, the original loan or mortgage details, and any specific terms or conditions of the assignment. It is important to consult with a qualified attorney or real estate professional when dealing with Connecticut Deed of Trust — Assignment documents, as they can provide advice and guidance specific to individual circumstances.
Connecticut Deed of Trust - Assignment
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