Sauk County Assignment of Mortgage Forms (Wisconsin)

Form Package

Assignment of Mortgage

State

Wisconsin

Area

Sauk County

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$27.97

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Included Forms

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

Included Supplemental Documents

The following Wisconsin and Sauk County supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

Areas Covered by These Assignment of Mortgage Forms:

• Sauk County

Including:

• Baraboo
• Hillpoint
• La Valle
• Lake Delton
• Lime Ridge
• Loganville
• Merrimac
• North Freedom
• Plain
• Prairie Du Sac
• Reedsburg
• Rock Springs
• Sauk City
• Spring Green

What is the Wisconsin Assignment of Mortgage

Use this form to transfer/assign a previously recorded mortgage, frequently used when an existing mortgage has been sold. In this form the current holder/assignor of the mortgage assigns it to another party/assignee. To protect lien rights this form is recorded in the Wisconsin Registry of Deeds in the County where the property is located.

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

The Truth and lending act requires that borrowers be notified when their mortgage 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.

Section 404 of the Act amends Section 131 of "Truth in Lending Act" to add a new subsection (g) which provides that, in addition to other disclosures required by the TILA, not later than 30 days after the date on which a mortgage loan is sold or otherwise transferred or assigned to a third party, the creditor that is the new owner or assignee of the debt shall notify the borrower in writing of the transfer. The notice must include the identity, address and telephone number of the new creditor; the date of the transfer; how to reach an agent or party having authority to act on behalf of the new creditor; the location of the place where transfer of ownership of the debt is recorded; and any other relevant information regarding the new creditor.

(Wisconsin AOM Package includes form, guidelines, and completed example)For use in Wisconsin only.

Our Promise

The documents you receive here will meet, or exceed, the Sauk 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 Sauk County Assignment of Mortgage 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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