Nassau County, located in New York State, offers various types of Assignment of Deed of Trust. This legal document is commonly used in real estate transactions when a lender transfers the ownership of a mortgage loan to another party. Here are some relevant keywords and types to consider: 1. Nassau New York Assignment of Deed of Trust: This refers to the legal procedure of transferring the rights and obligations of a mortgage loan from one lender to another. It involves the assignment of the promissory note and the deed of trust. 2. Assignment of Mortgage: This type of Nassau New York Assignment of Deed of Trust specifically deals with the transfer of the mortgage itself, along with the rights and interest associated with it. 3. Substitution of Trustee: This type of Assignment of Deed of Trust occurs when the lender replaces the original trustee (the person or entity responsible for overseeing the loan) with a new trustee. 4. Partial Assignment: In some cases, a lender may choose to transfer only a portion of the loan instead of the entire amount. This is known as a partial assignment of the Deed of Trust. 5. MERS Assignment: MERS (Mortgage Electronic Registration Systems) is a widely used database that tracks changes in mortgage ownership. MERS assignments are specific to cases where MERS is involved as the nominal beneficiary of the mortgage loan. 6. Assignment in Default: When a borrower defaults on their mortgage obligations, the lender may assign the Deed of Trust to a third party, such as a foreclosure specialist, to facilitate the foreclosure process. 7. Voluntary Assignment: This occurs when the lender willingly assigns the Deed of Trust to another entity, typically due to internal business decisions or restructuring. Nassau County, being a vibrant real estate market in New York, offers various types of Assignment of Deed of Trust to accommodate different situations. It is essential for borrowers, lenders, and real estate professionals to understand these types and their implications to ensure compliance with the legal requirements of the transfer of mortgage rights and ownership.