The standard ConformX Assignments of Deed of Trust and Assignments of Mortgage are being updated. Language is being removed from these documents to clarify that the note is not being assigned with the assignment and must be negotiated separately. Text similar to the following will be removed from both the standard MERS and non-MERS Assignments:
“…together with the note(s) and obligations therein described, the money due and to become due thereon with interest, and all rights accrued or to accrue under such Deed of Trust.”
These updates to the standard assignments will be put into production as soon as they become available. The first edits will take effect July 19, 2012. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
July 13, 2012