Assignment of mortgage in Troy, Michigan
An assignment transfers a recorded mortgage or deed of trust from one lender or holder to another. Loans are often assigned several times. In Troy, assignments of mortgage are recorded with the Oakland County Clerk / Register of Deeds, 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 Troy?
Yes. The Troy report covers: Every deed, mortgage, discharge, assignment, land contract and lien the Register of Deeds indexes to the parcel's PIN.
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