The Washington Assignment of Deed of Trust is a legal document used in the state of Washington to transfer a borrower's interest in a property to a third-party lender. It is recorded in the county in which the property is located and is used to secure a loan. The lender holds the right to foreclose on the property if the borrower fails to repay the loan in accordance with the terms of the agreement. The document outlines the terms and conditions of the loan, including the interest rate, repayment schedule, and other pertinent information. There are three types of Washington Assignment of Deed of Trust: the full assignment, partial assignment, and limited assignment. The full assignment is the most common and is used to transfer the entire debt to the lender. A partial assignment transfers only a portion of the debt to the lender and the borrower retains the remainder of the loan. A limited assignment is a transfer of a portion of the debt to the lender, but the lender does not have the right to foreclose on the property.