Serving Illinois. Your appointment must be handled by an Illinois-commissioned notary.
Assignment of Mortgage - Illinois
Illinois · Fillable PDF · Free
A lender uses this form to transfer a recorded Illinois mortgage, and the loan it secures, to a new lender or investor. Transfer a recorded mortgage and its secured loan to a new holder.
Transfer a recorded mortgage and its secured loan to a new holder.
A lender uses this form to transfer a recorded Illinois mortgage, and the loan it secures, to a new lender or investor.
What you'll need
Read this packet and check the receiving agency's required form.
Gather the names, dates and supporting records requested in the document.
Bring acceptable identification for any required notarial act.
How to complete it
Fill in the top boxes (Page 1) Enter who prepared the document and where to mail it after recording. Leave the large box at the top right blank for the recorder.
Identify the mortgage Enter the recorded document number, PIN, and legal description.
Sign before a notary Bring a current, government-issued photo ID.
Record the original with the County Recorder (Cook County: the Clerk’s Recordings Division) where the property is located.
Illinois real estate loans are secured by a mortgage. This form follows the statutory short form in the Illinois Mortgage Act, including the homestead waiver. Use it for a private, family, or seller-financed loan.
A promissory note is a written promise to repay a loan, such as a loan between family members or friends, with the interest rate and payment schedule spelled out.
When a loan secured by Illinois real estate is paid off, the lender or holder signs a release so the public records show the mortgage or lien is gone. Private lenders and seller-financed loans often need it.
These forms are a free convenience, not legal advice. First Choice Mobile Notary & Apostille is not a law firm. Consult an attorney licensed in the relevant state for legal questions.