Lake County Assignment of Deed of Trust Forms (California)

Form Package

Assignment of Deed of Trust

State

California

Area

Lake County

Price

$27.97

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Included Forms

All Lake County specific forms and documents listed below are included in your immediate download package:

Included Supplemental Documents

The following California and Lake County supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

Areas Covered by These Assignment of Deed of Trust Forms:

• Lake County

Including:

• Clearlake
• Clearlake Oaks
• Clearlake Park
• Cobb
• Finley
• Glenhaven
• Hidden Valley Lake
• Kelseyville
• Lakeport
• Lower Lake
• Lucerne
• Middletown
• Nice
• Upper Lake
• Witter Springs

What is the California Assignment of Deed of Trust

The current Lender/Beneficiary uses this form to assign a Deed of Trust to another lender. This is often done when a Deed of Trust has been sold. This allows the new Lender the right to collect payments of the debt. A typical Deed of Trust contains a Power of Sale clause, allowing a non-judicial foreclosure. (The power of sale may be exercised by the assignee if the assignment is duly acknowledged and recorded.) (California Code 2932.5)

Current Borrowers must be notified of the assignment. Notification consists of contact information of the new creditor, recording dates, recording instrument numbers, changes in loan, etc. Included are "Notice of Assignment of Deed of Trust" forms.

The Truth and lending act requires that borrowers be notified when their deed of trust debt has been sold, transferred, or assigned to a new creditor. Generally, within 30 days to avoid up to $2,000.00 in statutory damages, plus reasonable attorney's fees. Systematic violations can reach up $500,000.00.

(California Assignment of Deed of Trust Package includes form, guidelines, and completed example) For use in California only.

Our Promise

The documents you receive here will meet, or exceed, the Lake County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

Save Time and Money

Get your Lake County Assignment of Deed of Trust form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

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