Phfa Form 20 PDF Details

In the landscape of mortgage transactions, the PHFA Form 20 stands out as a critical document, facilitating a pivotal role in the assignment of mortgages. On the surface, this form, meticulously prepared and returned to a designated contact and lender's department, might seem straightforward—yet, it embodies the detailed process of transferring a mortgage from one lending institution to the Pennsylvania Housing Finance Agency (PHFA). This transfer isn't merely administrative. It symbolizes a change in the rights and responsibilities related to the financial and legal aspects of a property's mortgage. Specifically, the PHFA 20 form captures essential information such as the name(s) of the original mortgagor(s), the original principal amount, and the specific details of the secured real property. Furthermore, it outlines the obligatory nature of this transfer, including the conveyance of the accompanying note secured by the mortgage. The assignment is executed by the originating lender, testament to a formal agreement to hand over the respective mortgage, ensuring that all subsequent legal and financial proceedings are directed toward the PHFA. Notably, this document also includes a section for notarization, confirming the authenticity of the representatives and the transaction, hence underscoring the form's legal standing and significance in the realm of housing finance. By wrapping this intricate process into a standardized form, the PHFA 20 underscores the meticulous attention to detail required in the realm of mortgage assignments, guaranteeing transparency and seamless transitions for all parties involved.

QuestionAnswer
Form NamePhfa Form 20
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesLender, undersigned, WHEREOF, certifies

Form Preview Example

Prepared by & Return to:

____________________________

(Contact and Department Name)

____________________________

(Address of Lender)

____________________________

____________________________

PIN/ID Number: _________________________

Above space is intentionally left blank for recording data.

ASSIGNMENT OF MORTGAGE

For value received, the undersigned,

,(Originating Lender) does hereby grant, sell, convey, assign and deliver unto the PENNSYLVANIA HOUSING FINANCE AGENCY, its successors and assigns, the following described Mortgage, together with the Note secured thereby:

Name of Original Mortgagor(s): _______________________________________________________

_________________________________________________________

Secured by the real property located at: _____________________________________________________________

Original Principal Amount of Mortgage: $__________________ Mortgage Dated: ____________________

County Recorded in: ____________________Municipality:__________________________

Recorded simultaneously with the above referenced Mortgage OR reference the mortgage information below if required by the county.

The recording information is as follows: Mortgage Recording Date: _______________ Record Book

_______________ Page _____________________ or Instrument Number: __________________________

IN WITNESS WHEREOF, the undersigned, has caused this Assignment of Mortgage to be executed by its duly authorized officer.

Date: ______________

__________________________________________

 

(ORIGINATING LENDER)

 

By: ______________________________________

 

Title: _____________________________________

COMMONWEALTH OF PENNSYLVANIA

:

COUNTY OF _______________________________ :

On this, the ______ day of __________, 20____, before me, the undersigned officer, personally appeared

__________________________________, an authorized officer of ______________________________________

___________________________________________________________, known to me (or satisfactorily proven to

be the person whose name is subscribed to the within instrument and acknowledged that he/she, being authorized to do so, executed the foregoing instrument for the purposes therein contained.

In witness whereof, I have hereunto set my hand and official seal.

____________________________

Notary Public

CERTIFICATE OF RESIDENCE OF ASSIGNEE

The below officer certifies that the principal business and mailing address for this assignment and assignee is: PHFA, 211 North Front Street, Harrisburg, PA 17101

____________________________________

December 2010

PHFA Form 20

How to Edit Phfa Form 20 Online for Free

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This document will require specific data to be entered, so be sure to take the time to provide exactly what is expected:

1. First, while filling out the foregoing, start in the form section that has the next blank fields:

The best way to fill out PHFA stage 1

2. The next step is to fill out the next few blanks: The recording information is as, IN WITNESS WHEREOF the undersigned, its duly authorized officer Date, ORIGINATING LENDER, Title, On this the day of before me, In witness whereof I have hereunto, Notary Public, The below officer certifies that, and CERTIFICATE OF RESIDENCE OF.

Writing section 2 in PHFA

People often make some mistakes while filling out Title in this part. Make sure you go over everything you enter here.

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