Copyright © 2024 The Legal Stop Limited. All Rights Reserved.
The Legal Stop Limited – Company Number: 7394508
Free Documents | Confidentiality Agreement | Partnership Agreement | Employment Contract | HR Policies
Web Cookies: By using our website you agree to our use of web cookies in accordance with our privacy statement .
If the document isn’t right for your circumstances for any reason, just tell us and we’ll refund you in full immediately.
We avoid legal terminology unless necessary. Plain English makes our documents easy to understand, easy to edit and more likely to be accepted.
You don’t need legal knowledge to use our documents. We explain what to edit and how in the guidance notes included at the end of the document.
Email us with questions about editing your document. Use our Lawyer Assist service if you’d like our legal team to check your document will do as you intend.
Our documents comply with the latest relevant law. Our lawyers regularly review how new law affects each document in our library.
Use this deed of assignment to transfer a life insurance policy to another person. The reason for transfer could be any, but it is a sale in that money changes hands.
The document includes reasonable warranties by the seller and undertakings by the buyer. It is clear and simple, but thorough and complete for an arm’s length transaction.
The transfer will be complete and valid only when the insurer has been formally notified. As well as the deed document, we have included a template notice that the assignment has taken place. This may or may not be useful to you: your insurer may prefer you to use their own form, but sometimes other parties, like your bank, also need to know or appreciate being told.
Every document is straightforward to complete and written in plain English.
For technical legal reasons, all assignments of life policies must be by deed and not by contract. The main practical difference is that a deed requires a witness to the signatures. Unless it is more convenient to do otherwise, the same witness can verify the signatures of both parties.
Taxation of life assurance policies is complex and we recommend that you consult with a tax accountant. The effect of tax is also an important consideration in assessing the value to the assignee of the policy.
The deed can be used to assign a policy:.
The deed of assignment includes the following paragraphs:.
Choose the level of support you need.
Practical law uk standard document w-024-5240 (approx. 17 pages), get full access to this document with a free trial.
Try free and see for yourself how Practical Law resources can improve productivity, efficiency and response times.
This document is from Thomson Reuters Practical Law, the legal know-how that goes beyond primary law and traditional legal research to give lawyers a better starting point. We provide standard documents, checklists, legal updates, how-to guides, and more.
650+ full-time experienced lawyer editors globally create and maintain timely, reliable and accurate resources across all major practice areas.
83% of customers are highly satisfied with Practical Law and would recommend to a colleague.
81% of customers agree that Practical Law saves them time.
If you had a loan at a failed bank which you paid off and the bank’s lien on your property was not released, we may be able to help. More information on lien releases
The FDIC may be able to assist you in obtaining a lien release if the request is for a customer of a failed bank that was placed into FDIC receivership.
To determine if the FDIC might be able to assist with a lien release, verify the bank was acquired with government assistance:
Search BankFind
Are you having trouble finding a lienholder?
If the bank failed within the last two years and another bank purchased or acquired the failed bank, you should contact the acquiring bank (see the Failed Bank List ). If the lien is for a subsidiary of a failed bank, the FDIC may also be able to assist you. Please contact FDIC DRR Customer Service at 888-206-4662.
The FDIC cannot process lien releases for:
Review the required documents based on the type of loan:
Recorded Mortgage or Deed of Trust
A recorded copy of the mortgage or deed of trust document for which you are requesting a release. The copy must be legible and clearly show the recording information. This document can be obtained from the public records in the county where the property is located or from your title company or title attorney.
Recorded Assignments
Recorded copies of all assignments in the chain of title leading to the FDIC receivership.
Title Search, Title Commitment, or Attorney's Title Opinion
A copy of a recent (dated within the last six months) title search, title commitment issued by a title company, or an attorney's title opinion on the property for which you are requesting a release. Your title company or title attorney can usually provide you with this title document.
Proof of Payment
Proof that the loan was paid in full, which can be in the form of a Lienholder’s promissory note stamped "PAID" , a signed HUD-1 settlement statement, a copy of payoff check, or any other documentation evidencing payoff to the failed bank.
The FDIC will not accept a copy of the borrower’s credit report as proof of payoff.
A recorded copy of the mortgage or deed of trust document for which you are requesting an assignment. The copy must be legible and clearly show the recording information. This document can be obtained from the public records in the county where the property is located or from your title company or title attorney.
A copy of a recent (dated within the last six months) Title Search, Title Commitment issued by a title company, or an attorney's title opinion on the property for which you are requesting an assignment that documents the missing assignment or transfer of the lien interest in the chain of title. Your title company or title attorney can usually provide you with this title document.
Note Endorsement or Purchase and Sale Contract
Proof that the party to whom the assignment is being made is the subsequent owner of the lien. Documentation for the FDIC consideration may be a note endorsement or a loan purchase and sale contract.
Copy of Promissory Note
A copy of the note, and any endorsements for which you are requesting an allonge. The copy must be legible and include all pages of the note.
A recorded copy of the mortgage or deed of trust document for which you are requesting an allonge. The copy must be legible and clearly show the recording information. This document can be obtained from the public records in the county where the property is located or from your title company or title attorney.
Proof of Subsequent Owner of Promissory Note
Proof that the party to whom the allonge may be issued to is the subsequent owner of the note. Documentation for FDIC consideration may be a recorded assignment from the failed institution to the subsequent owner or a loan purchase and sale contract.
Title, Non-Negotiable Title, Vehicle Inquiry Report, or Title Report
A copy of the title or non-negotiable title for the vehicle that you are requesting a release. The copy must be legible and clearly show:
If the title or non-negotiable title has been lost or is unavailable, you must request and provide a printout from the state containing the title information. This printout is sometimes called a Vehicle Inquiry Report or Title Report. Depending on the state, you may have to contact the Department of Motor Vehicles, Department of Public Safety, or the local tax office for this printout (note: there may be a small fee).
A registration certificate is not the same as a Title Report and is unacceptable.
Proof of Payoff
Proof that the loan was paid in full, which can be in the form of a Lienholder’s promissory note stamped "PAID" , a copy of payoff check, or any other documentation evidencing payoff to the failed bank.
Title, Non-Negotiable Title, or Inquiry Report
A copy of the Title or non-negotiable title for the craft which you are requesting a release. The copy must be legible and clearly show:
If the title or non-negotiable title has been lost or is unavailable, you must obtain and provide a printout from the state, sometimes called an inquiry report or title report. Depending on the state, you may have to go to the Department of Parks and Wildlife, Department of Motor Vehicles, Department of Public Safety, or the local tax office for this printout (note: there may be a small fee).
If the boat is classified as an "Ocean Vessel”, you must obtain and provide a title report from the United States Coast Guard.
A copy of the title or non-negotiable title for the mobile/manufactured home for which you are requesting a release. The copy must be legible and clearly show:
If the title or non-negotiable title has been lost or is unavailable, you must request and provide a printout from the state containing the title information. This printout is sometimes called an inquiry report or title report. Depending on the state, you may have to go to the Department of Housing and Community Affairs, Department of Motor Vehicles, Department of Public Safety, or the local tax office for this printout (note: there may be a small fee).
Proof that the loan was paid in full, which can be in the form of a lienholder’s promissory note stamped "PAID" , a copy of payoff check, or any other documentation evidencing payoff to the failed bank.
Title Report
A copy of a title report from an aircraft title agency for the aircraft for which you are requesting a release. The copy must be legible and clearly show:
UCC Financing Statement
A copy of all filed UCC Financing Statements for the property for which you are requesting a release. The copy must be legible and clearly show:
If a copy of the filed UCC Financing Statement has been lost or is unavailable, you must obtain and provide a printout from the Secretary of State or county recorder’s office containing the information listed above.
Collateral Assignment of Life Insurance
A complete copy of the collateral assignment of life insurance for the policy for which you are requesting a release. The life insurance company that issued the policy should be able to provide this document. The copy must be legible and clearly show:
You must register and submit your request and supporting documentation through the FDIC Information and Support Center. Access the FDIC Information and Support Center site and submit requests directly
FDIC Information and Support Center
Do not include your social security number in any correspondence.
Do not include a credit report as proof of payoff.
Requests are processed in the order they are received.
Allow 20 business days for FDIC's review and response once all required documentation is received.
Please note that documents provided by the FDIC are signed and notarized electronically.
Click arrows next to headers to sort in Ascending or Descending order.
Download Data
Questions and Answers |
---|
A lien is a claim or charge on property to ensure payment of a debt, obligation, or duty to the lender. The lender is the institution that made the loan. The lender will record the mortgage or deed of trust document in the public records with the appropriate agency in the county where the property is located. Once the loan is repaid, the lender should provide a recordable lien release document. |
Since the FDIC was not the lender, the FDIC cannot answer that question. However, if your loan was with a failed bank or savings and loan, the FDIC may be able to assist you in obtaining a lien release. |
The FDIC may be able to assist in issuing a lien release in the following cases: If you have any questions regarding the FDIC’s ability to assist with a lien release, please contact FDIC DRR Customer Service at 888-206-4662 between the hours of 8am - 4pm Central Time, Monday through Friday (except federal holidays). |
The FDIC is the receiver of the failed bank or savings and loan. The FDIC is not the actual lender and the failed bank records in our possession are limited. If there is an acquiring institution for a failed bank or savings and loan, in most cases, the records were transferred to the acquirer. The acquirer may have information that will assist you with obtaining a lien release. |
Once the request has been entered through the , you will receive a screen notification of your assigned case number and an acknowledgment email containing the case number. Because of the large volume of requests received by the FDIC, it typically takes up to 20 business days for the FDIC to review and respond to a request once the requestor has provided all required documentation. If the required document(s) are not provided and extensive research or legal review is needed, additional days may be added to our response time.
You may contact FDIC DRR Customer Service to speak with a representative at 888-206-4662 between 8 am and 4 pm Central Time, Monday through Friday (except federal holidays). If you do not have access to a computer, you may mail your request and all required documentation to: |
Last Updated: June 24, 2024
Plaintiff: | Trustee Services of Virginia, LLC and Wilmington Savings Fund Society, FSB |
---|---|
Defendant: | Megan E Elliott, Willow Creek Pointe Condominium Association doing business as Willow Creek Pointe and Secretary of Housing and Urban Development |
Case Number: | 2:2024cv00507 |
Filed: | August 15, 2024 |
Court: | US District Court for the Eastern District of Virginia |
Presiding Judge: | Lawrence R Leonard |
Referring Judge: | Rebecca Beach Smith |
Nature of Suit: | Real Property: Foreclosure |
Cause of Action: | 28 U.S.C. § 1345 Foreclosure |
Jury Demanded By: | None |
This docket was last retrieved on August 15, 2024. A more recent docket listing may be available from PACER .
Date Filed | Document Text |
---|---|
August 15, 2024 | Filing 1 Complaint for a Judicial Sale ( Filing fee $ 405, receipt number AVAEDC-9686265.), filed by Wilmington Savings Fund Society, FSB as Trustee of Stanwich Mortgage Loan Trust I, Trustee Services of Virginia, LLC. (Attachments: #1 Exhibit 2009 Deed, #2 Exhibit 2009 Deed of Trust, #3 Exhibit 2016 Judgment, #4 Exhibit 2016 Assignment, #5 Exhibit 2021 Assignment, #6 Exhibit 2022 Partial Claims Mortgage, #7 Exhibit 2022 Judgment, #8 Exhibit 2023 Substitution of Trustee, #9 Exhibit 2018 HAMP Agreement, #10 Exhibit 2022 Loan Modification Agreement, #11 Civil Cover Sheet)(Oliveri, Robert) |
August 15, 2024 | Notice of Correction re #1 Complaint. ECF #1 was the party's first appearance which should have been accompanied by a financial disclosure statement as required by Local Rule 7.1. The party is allowed seven (7) days to correct the deficiency and file the financial disclosure statement. Failure to file the financial disclosure statement within this period of time will subject ECF #1 to being stricken from the record. (epri, ) |
August 15, 2024 | Initial Case Assignment to District Judge Rebecca Beach Smith and Magistrate Judge Lawrence R. Leonard. (epri, ) |
Use the links below to access additional information about this case on the US Court's PACER system. A subscription to PACER is required.
Access this case on the Virginia Eastern District Court's Electronic Court Filings (ECF) System
Search for this case: Wilmington Savings Fund Society, FSB et al v. Secretary of Housing and Urban Development et al | |
---|---|
Search News | [ | | | | ] |
Search Web | [ | | | | | ] |
Defendant: Megan E Elliott | |
Search News | [ | | | | ] |
Search Finance | [ | | | ] |
Search Web | [ | | | | | | ] |
Defendant: Willow Creek Pointe Condominium Association doing business as Willow Creek Pointe | |
Search News | [ | | | | ] |
Search Finance | [ | | | ] |
Search Web | [ | | | | | | ] |
Defendant: Secretary of Housing and Urban Development | |
Search News | [ | | | | ] |
Search Finance | [ | | | ] |
Search Web | [ | | | | | | ] |
Plaintiff: Trustee Services of Virginia, LLC | |
Represented By: | |
Search News | [ | | | | ] |
Search Finance | [ | | | ] |
Search Web | [ | | | | | | ] |
Plaintiff: Wilmington Savings Fund Society, FSB | |
Represented By: | |
Search News | [ | | | | ] |
Search Finance | [ | | | ] |
Search Web | [ | | | | | | ] |
Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of Justia.
Why Is My Information Online?
Subscribe to Justia's Free Newsletters featuring summaries of federal and state court opinions .
IMAGES
COMMENTS
The deed of assignment is the main document between the seller and buyer that proves ownership in favor of the seller. The party who is transferring his or her rights to the property is known as the "assignor," while the party who is receiving the rights is called the "assignee.". A deed of assignment is required in many different ...
In the realm of intellectual property, a Deed of Assignment is a formal legal document used to transfer all rights, title, and interest in intellectual property from the assignor (original owner) to the assignee (new owner).
A Deed of Assignment refers to a legal document in which an assignor states his willingness to assign the ownership of his property to the assignee. The Deed of Assignment is required to effect a transfer of property and to show the legal right to possess it. It is always a subject of debate whether Deed of Assignment is a contract; a Deed of ...
Note - if the owner of the policy assigns any of their legal rights under the policy to someone else (including any assignment to the trustee(s) of a trust), then the Deed of Assignment must be sent to AIG Life Limited to notify us when the assignment is made and for our noting on our records relating to the policy.
The important document is the Deed of Assignment, which sets out the rights assigned by the Assignor. The Notice of Assignment is simply a communication that there has been an assignment. The deed is governed by Section 136 of the LP 1925. It should be possible to obtain a copy of the Deed prior to any action taken in respect of it.
A Deed of Assignment is a vital legal document used to transfer rights, interests or assets between parties. Our free templates and this guide can help you get started.
Deed of assignment explained A deed of assignment is a legal arrangement, which transfers the ownership of property (for example, a life insurance policy) from the existing policy owner (known as the assignors) to the new owners (known as the assignees). An assignment can transfer full or part ownership of property.
A deed for use when a party to an agreement wishes to assign its rights and benefits under that agreement to another person.
A new Standard document has been added: Deed of assignment. The document is accompanied by a detailed Drafting note, which provides a commentary on each clause, identifying the legal, drafting and negotiating issues for consideration by each party: Deed of assignment: drafting note.
The assignment of claims was recorded in a deed of assignment dated 25 August 2016 between the liquidators and the Assignee (the " Deed ").
To transfer ownership of your policy to another person or company, complete the Deed of Assignment Form and submit to us with other required documents.
An original copy of the Deed of Assignment and the Notice of Assignment must be provided to Manulife (Singapore) Pte. Ltd. at the address stated below: Manulife (Singapore) Pte. Ltd. 8 Cross Street #15-01, Manulife Tower, Singapore 048424 Attention: Advisory and Policy Services Department Assignment of policies purchased using funds from (a) Central Provident Fund contributions pursuant to the ...
This deed isn't suitable if you wish to sell the policy to a buyer or mortgage it to a lender. If you're trustees and want to assign the policy to a beneficiary, remember if there's a power of appointment in the trust (e.g. a Flexible Gift Trust; a Discretionary Gift Trust) you must first complete a Deed of Appointment of Beneficiary on ...
Professionally drawn, easy to use deed of assignment for transferring a life insurance policy or endowment policy to a beneficiary of a trust. Download now.
The assignment includes no guarantee of the assignor's title to the policy. If a guarantee is intended or required, you should seek out legal advice. You should seek independent advice from a solicitor, financial adviser or accountant on the tax implications of the assignment of a life or capital redemption policy.
The purpose of this Deed of Assignment - Life Insurance or Endowment Policy is to transfer, or change, the legal ownership of a life assurance policy from the assignor to the assignee. Please note: if you assign a life policy, you will lose all entitlement to the proceeds of the policy and you will no longer have any control over the assigned ...
3. When completed, please keep this form with the policy document. A Notice of Assignment/Assignation should be given to Monument Life Insurance dac.
known to me and to me known to be the same persons who executed and signed the foregoing Absolute Deed of Assignment of Life Insurance Policy who acknowledged to me that the same are their true and voluntary act and deed.
Professionally drawn, easy to use deed of assignment for transferring a life insurance policy or endowment policy to a beneficiary of a trust. Download now.
Deed of Assignment means the deed of assignment of the Shareholder Loan in the agreed form set out in Schedule 6 (Deed of Assignment) to be entered into between the Seller and the Buyer upon Completion. Deed of Adherence means a deed of adherence substantially in the form set out in schedule 9; Notice of Assignment is defined in Section 12.3.2.
A deed of assignment for use in connection with a sale of a commercial property subject to lease (s) where, on or after completion, arrears of sums due on completion from the tenant (s) are to be assigned to one of the parties.
Important notes The assignment of a life policy may have tax implications. Independent taxation advice should be sought on the tax implications of the assignment of a life policy. This draft deed is a standard document designed only for use with RL360° Services policies which are written under Isle of Man law.
Assignment of a Real Estate Lien: Required Documentation for Obtaining an Assignment. Recorded Mortgage or Deed of Trust. ... A complete copy of the collateral assignment of life insurance for the policy for which you are requesting a release. The life insurance company that issued the policy should be able to provide this document.
Date Filed Document Text; August 15, 2024: Filing 1 Complaint for a Judicial Sale ( Filing fee $ 405, receipt number AVAEDC-9686265.), filed by Wilmington Savings Fund Society, FSB as Trustee of Stanwich Mortgage Loan Trust I, Trustee Services of Virginia, LLC. (Attachments: #1 Exhibit 2009 Deed, #2 Exhibit 2009 Deed of Trust, #3 Exhibit 2016 Judgment, #4 Exhibit 2016 Assignment, #5 Exhibit ...
Team USA Paralympic sprinter Nick Mayhugh can rest easy tonight: his parents will be able to watch him compete in Paris now that his GoFundMe met its goal - thanks to Flavor Flav's promotion.