This is a very
important document that must be demanded and given to a purchaser after the
conclusion of any land/property transaction between such Buyer and Seller of
the property.
The deed of assignment contains very pertinent information for a real estate transaction, it states the date when the ownership of the property transfers from one owner to the other; The deed also gives a specific description of the property that is included in the transfer of ownership.
Deed of mortgage
It is a security for a
loan with an undertaken for repayment and censer upon delivery. The common
types of mortgage transactions are Equitable mortgage and Legal mortgage.
Equitable mortgage transfers
just an equitable interest in the property to the mortgage while Legal mortgage
is a type of mortgage which transfers the legal interest one has in the
property, whether it is leasehold or freehold in consideration for loan
advancement.
