Socorro County Assignment of Deed of Trust Form

Additional New Mexico and Socorro County documents included at no extra charge:

Where to Record Your Documents

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Cities and Jurisdictions in Socorro County

Properties in any of these areas use Socorro County forms:

• Claunch
• La Joya
• Lemitar
• Magdalena
• Polvadera
• San Acacia
• San Antonio
• Socorro
• Veguita

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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.

Important: Your property must be located in Socorro County to use these forms. Documents should be recorded at the county recording office listed above.

This Assignment of Deed of Trust meets all recording requirements specific to Socorro County.

Our Promise

The documents you receive here are guaranteed to meet or exceed the applicable Socorro County recording format requirements. If there is a rejection caused by our formatting, we will correct the issue or refund your payment. This guarantee applies to document formatting only and does not extend to information entered by the user, the selection of the form, or the legal effect of the completed document.

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