Mississippi Letter to Recording Office for Recording Assignment of Mortgage
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How to fill out Letter To Recording Office For Recording Assignment Of Mortgage?
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FAQ
An assignment of mortgage gives the loan seller's rights under the mortgage, including the right to foreclose if the borrower doesn't make payments, to the new owner of the loan.
A quit claim deed must be recorded in the county where the property is located. In Mississippi, a quitclaim deed will not be valid against a purchaser or any creditor for valuable consideration without notice unless it is recorded in the county where the property is located.
A transfer-on-death deed must be executed as set forth in Title 89, Chapter 3, Mississippi Code or 1972, relating to necessary acknowledgements, and need not be executed with the formalities of a will.
A corrective assignment corrects or amends a defect or mistake in the original assignment. A corporate assignment is an assignment of the mortgage from one corporation to another. A mers assignment involves the Mortgage Electronic Registration System (MERS).
How do I transfer a deed in Mississippi? A processed, signed, and notarized deed must be presented to the Recorder of the Deeds in the same county of the property. Once the deed is accepted and signed, the transfer is complete.
An unrecorded deed is a deed for real property that neither the buyer nor the seller has delivered to an appropriate government agency. Unrecorded deeds can present many issues for sellers (or grantors) and buyers (or grantees) such as proof of ownership and tax implications.
If it does not have an assignment or failed to record it as required by state law, this may result in the dismissal of the foreclosure action. Recording rules may require that the foreclosing party record the assignment before starting the foreclosure.
Mississippi deeds are recorded with the chancery clerk for the county where the property is located. The standard fee payable to the chancery clerk for recording a Mississippi deed is $25.00 for the initial five pages and $1.00 for each page over five. Some counties charge an extra $1.00 archiving fee.
