When individuals or entities decide to transfer their interest in a secured debt, the Form 3745 plays a crucial role, especially in transactions involving Fannie Mae as the assignee. This form facilitates the assignment of a security deed, a legal document underscoring a borrower's obligation to repay a loan, secured by real estate. Notably used in the context of real estate transactions within the state of Georgia, the form dictates that for value received, the assignor—the current holder of the security deed—officially transfers all rights, title, interest, and associated powers in the security deed to Fannie Mae. This includes the property described within the deed, the underlying indebtedness, and any associated powers or privileges. The form ensures that Fannie Mae, a government-sponsored enterprise with a mission to provide liquidity, stability, and affordability to the U.S. housing market, is legally recognized as the new assignee. It specifies the procedural aspects, including the state and county of execution, the details of the original security deed, and the acknowledgment that the assignment is intended to secure Fannie Mae in the payment of the note tied to the deed. Completion and execution of this form is a critical step in the conveyance process, directly influencing the legal and financial responsibilities of all parties involved, and securing the continuity of the note's repayment obligation to the new assignee. The formalization of this transfer through the Form 3745 underscores its importance in the broader context of real estate financing and debt security, reflecting detailed legal agreements that protect the interests of involved entities while ensuring compliance with established statutes.
| Question | Answer |
|---|---|
| Form Name | Form 3745 |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | georgia 3745 assignment security deed form, georgia form assignment, georgia title reassignment form, ga assignment deed |
Recording Requested By/Return To:
ASSIGNMENT OF SECURITY DEED
[To be used only where Fannie Mae is the assignee.]
STATE OF ___________________________
(State of Execution)
COUNTY OF __________________________
(County of Execution)
For Value Received, ______________________________________________________________________
________________________________________________________________________ (herein “Assignor”) has this
day transferred, sold, assigned, conveyed and set over to Fannie Mae, a corporation organized and existing under the laws of the United States (herein “Assignee”), whose address is 3900 Wisconsin Avenue, NW, Washington, DC 20016, as Assignee, its successors, representatives and assigns, all its rights, title and interest in and to a certain Security Deed (or Deed to Secure Debt) executed by___________________________________________________________________
___________________________________________ to _______________________________________________
dated ___________,_____, recorded in Deed Book ______, Page _____, ______________________________ County,
Georgia Records.
The Assignor herein specifically transfers, sells, conveys and assigns to the above Assignee, its successors, representatives and assigns, the aforesaid Security Deed, the property described therein, the indebtedness secured thereby, together with all the powers, options, privileges and immunities therein contained.
The Assignor herein has this day sold and assigned to the Assignee herein the note secured by the aforesaid Security Deed and this transfer is made to secure the Assignee, its successors, representatives and assigns, in the payment of said note.
IN WITNESS WHEREOF, the undersigned Assignor has hereunto set its hand and seal this ____ day of
__________________, 20____. |
|
____________________________________ |
___________________________________________ |
Witness (Print Name) |
(Assignor) |
____________________________________ |
By: ___________________________________________ |
Witness (Print Name) |
(Signature) |
|
(Print Name & Title) |
____________________________________ |
|
Attest (Print Name) |
|
Seal: |
|
This Instrument Prepared By: |
|
Georgia Security Deed Assignment - Single Family - Fannie Mae Uniform Instrument |
Form 3745 1/01(rev. 1/18) |