- Assignment: The transfer of property or rights.
- Allonge: A sheet of paper utilized to provide additional space or endorsements on a contract.
- Assignment & Allonge: refers to the assignment of the security instrument (Mortgage or Deed of Trust) and an allonge to the promissory note (essentially “Pay to the Order of New Lender). These two documents collectively assign a loan to another party.
Articles involving Assignment & Allonge: