What is an assignment of a deed of trust?

An assignment of a deed of trust is a document used in real estate law in South Carolina that allows for the transfer of an existing deed of trust from one party to another. This document effectively transfers the rights and obligations of the original deed of trust from the original beneficiary to the new beneficiary. The assignment of the deed of trust must be signed by the original beneficiary and the assignee, and must include the legal description of the property being transferred, the date the transfer is taking effect, and the names of all relevant parties. Once signed, the assignment of the deed of trust is recorded, and the new beneficiary now has the ability to enforce their rights and interests in the property. It’s important to keep in mind that the assignment of a deed of trust does not alter the existing debt and terms that are attached to the deed of trust; the only thing that has changed is who is now responsible for enforcing those terms.

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What is an assignment of a deed of trust?

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