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Corporate Assignment Of Deed Of Trust

Corporate Assignment Of Deed Of Trust Generator for the USA

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Document background
The Corporate Assignment of Deed of Trust is essential when mortgage loans or trust deeds are sold, transferred, or securitized between corporate entities. This document is particularly common in secondary mortgage market transactions and corporate restructuring. It must be properly executed and recorded in accordance with state law where the property is located, typically requiring notarization and specific formatting for county recording offices. The assignment transfers all beneficial rights, title, and interest in the deed of trust, including the right to receive payments and enforce the security interest.
Suggested Sections

1. Parties: Identification of assignor and assignee corporations

2. Background: Details of original deed of trust and reason for assignment

3. Definitions: Key terms used in the assignment

4. Assignment Declaration: Formal statement of assignment and transfer

5. Property Description: Legal description of the property involved

6. Execution Block: Signature blocks with corporate acknowledgment

Optional Sections

1. Parties: Identification of assignor and assignee corporations

2. Background: Details of original deed of trust and reason for assignment

3. Definitions: Key terms used in the assignment

4. Assignment Declaration: Formal statement of assignment and transfer

5. Property Description: Legal description of the property involved

6. Execution Block: Signature blocks with corporate acknowledgment

Suggested Schedules

1. Original Deed of Trust: Copy of the original deed being assigned

2. Corporate Resolutions: Evidence of corporate authority to execute assignment

3. Property Details: Detailed legal description and property information

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Clauses















Industries

State Property Laws: Property laws specific to the state where the property is located, including requirements for real estate transfers and property rights

State Recording Requirements: State-specific requirements for recording and filing real estate documents with local authorities

TILA Compliance: Truth in Lending Act requirements for disclosure and transparency in lending transactions

RESPA Compliance: Real Estate Settlement Procedures Act regulations governing real estate transactions and settlement services

UCC Provisions: Uniform Commercial Code provisions relating to secured transactions and transfer of interests

Corporate Authority Documentation: State corporate laws regarding authority to execute documents, including requirements for corporate resolutions and officer authority

Corporate Formation Documents: Corporate bylaws and formation documents that establish authority and procedures for corporate actions

Corporate Acknowledgment Requirements: Specific requirements for corporate acknowledgments and notarization of corporate documents

Statute of Frauds: Legal requirement that certain contracts, including those involving real property, must be in writing and signed

Recording Statutes: Laws governing the recording of real estate documents and their effects on priority and notice

Notarization Requirements: State-specific requirements for document notarization and witness attestation

Legal Description Requirements: Requirements for accurate and complete legal descriptions of the property being transferred

Federal Banking Regulations: Compliance requirements with federal banking regulations if the loan is federally regulated

State Banking Regulations: Compliance with state-specific banking regulations governing lending and loan assignments

MERS Requirements: Mortgage Electronic Registration Systems requirements if the loan is registered in the MERS system

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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