PropertyProf Blog

Editor: Stephen Clowney
Univ. of Kentucky College of Law

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Monday, September 19, 2011

Mortgage Assignments and Mortgage Taxes

The New York Times on why people thinking about refinancing their home loans should look into mortgage assignments.  "Instead of granting and recording a new loan when a borrower refinances, the assignment process transfers a mortgage to a new lender, which then revises it."  The borrower then doesn't have to pay mortgage recording taxes on this amount.

Steve Clowney

http://lawprofessors.typepad.com/property/2011/09/mortgage-assignments-and-mortgage-taxes.html

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