Mortgage assignment is a common practice among lenders.
A mortgage deed, also called a deed of trust or trustee's deed or deed of trustee, gives a lender a security interest in the property mortgaged in return for money received.
If there was no legal document created when you assign a mortgage, you will have no right to file for foreclosure.
Therefore, it is important to document when you assign a mortgage.
A mortgage deed refers to a deed accompanied by a mortgaged loan note.