Luna County Assignment of Deed of Trust Forms (New Mexico)

Form Package

Assignment of Deed of Trust

State

New Mexico

Area

Luna County

Price

$27.97

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Included Forms

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

Included Supplemental Documents

The following New Mexico and Luna County supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

Areas Covered by These Assignment of Deed of Trust Forms:

• Luna County

Including:

• Columbus
• Deming

What is the New Mexico Assignment of Deed of Trust

A Deed of Trust assignment, also referred to as an "Assignment of Deed of Trust", occurs when the beneficiary/lender of the loan transfers their loan obligations to a third party. The lender will usually assign a Deed of Trust by selling it to a new bank or lender. This form can be used by the current beneficiary/lender even if the Deed of Trust in question states a different beneficiary/lender.

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.

(New Mexico Assignment of DOT Package includes form, guidelines, and completed example) For use in New Mexico Only.

Our Promise

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

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Get your Luna 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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