What Is An Assignment Of Rent And Leases ???

I ran across these documents under mortgages and was wondering what specifically are these docs. Normally I see them filed seperately, but looking up some mortgages today I ran across a couple of these. Anyone that can help would be appreciated.

Also, besides the normal Deed of Trust, Land Contracts, Mortgages, what are some other types of instruments that other states might use as mortgages / notes. Thanks.

Comments(1)

  • pmatheson127th April, 2004

    In CA, we use Notes and Deeds of Trust (with assignment of Rent). If being forclosed on, gives trustee the right to collect the rent.

    Contract for Deed
    Contract of Sale
    Contract for Sale
    Land Contract
    All mean the same

    My favorites:
    Overriding Deed of Trust
    All Inclusive Note & Deed of Trust
    Wrap
    Wraparound
    All mean the same.

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