Florida Assignment of Mortgage

Florida assignment of mortgage is a document that shows that a mortgage has been transferred from the original mortgage holder to a third party. This is an act of transferring ownership or liablity of the borrowers payment to another party. It is important to consider this act still holds the account holder liable to pay the account and is can be particularly not transparent to the holder.  Lender do sell mortgages to other lenders during the secondary market process. It is also possible for Florida assignment of mortgages to take place when the borrower transfers their mortgage to another person. The only catch is the new borrower normally has to qualify for a mortgage with the current mortgage holder. This is rare but possible in Florida Assignment of Mortgages.  Hopefully this information has been useful and good luck if you are planning on completing a Florida assignment of mortgaage