Posted by William Bronchick on July 26, 2006 at 16:13:23:
You need an assignment of the note and assignment of the mortgage. The mortgage assignment is recorded, but you get the original note (note recorded).
Mr. Bronchick, a technical question - Posted by Lachin
Posted by Lachin on July 10, 2006 at 01:53:17:
Hi,
I want to buy a discounted second mortgage note from a bank.This will take place in Kentucky. I just want to have this lien to further negotiate the other liens. This house is in foreclosure (the reason behind the discount). What is the legal procedure for this type of transaction (such as certain forms, or a sample contract of note assignment.