What is the time frame to file an assignment of mortgage when the mortgage is sold?

A mortgage is sold in December, 2008. Is there a time frame in which the assignment of mortgage is to be filed?

Maineville, OH -

Attorney Answers (3)

Michelle Lynn Marshall

Michelle Lynn Marshall

Real Estate Attorney - Columbus, OH
Answered

I would think the assignee would insist on prompt recordation of the assignment; however, I am not aware of any specific time frame under which an assignment MUST be filed. Hope this helps.

I am licensed in the State of Ohio, posting a response to your question or issue does not create an attorney-... more
Mark as helpful
Michael J. Caticchio

Michael J. Caticchio

Real Estate Attorney - Cleveland, OH
Answered

you would think a lender would want to file asap

they do not

foreclosures get filed without the assignments
and they then get recorded afterwards

Mark as helpful
David Jay Sternberg

David Jay Sternberg

Foreclosure Attorney - Mentor, OH
Answered

Tlhere is no time limit. However, pursuant to statute and a Federal District Court Holding out of Cleveland, the assignment must be filed before the assignee can enforce the mortgage.

Attorney Sternberg is admitted to the practice of law only in the State of Ohio. His answering of this question... more
Mark as helpful

Questions? An attorney can help.

Ask your questions on our Q&A forum. It's free and anonymous.

Ask a Lawyer

Need to find an attorney? Browse our lawyer directory.

Find a Lawyer