Assignment of mortgage in Waukegan, Illinois
An assignment transfers a recorded mortgage or deed of trust from one lender or holder to another. Loans are often assigned several times. In Waukegan, assignments of mortgage are recorded with the Lake County Clerk, Recordings, and a HeritageDeed title search lists them for the property.
What it means for a buyer or bidder
The holder named in the last recorded assignment is the one that must record the satisfaction; a gap in assignments can delay a release.
Does a title search find it in Waukegan?
Yes. The Waukegan report covers: Deeds, mortgages, releases, assignments, liens and lis pendens indexed under the owner's name with the County Clerk.
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