Updated February 16, 2024
A mortgage assignment agreement is between a holder of debt (assignor) and a party that assumes the debt (assignee). Under most mortgages, the borrower has no rights to object. Since a mortgage is centered upon a specific borrower’s credit profile, it is difficult to replace with a new borrower.
Where to Record
Any change made to a mortgage should be recorded in the Registry of Deeds (see table below) where the property is located. This will make the change official for public and private purposes.