This agreement is used when a landlord seeks to place a mortgage on a property subject to a pre-existing lease. In such situations, a lender will typically ask that the lease payments serve as collateral, in addition to the property itself. The document allows the borrower/landlord to continue to collect and hold rents as long as it is current on it’s loan payments. If the borrower goes into default, the document allows the lender to seek rent payments directly from a tenant to satisfy the landlord’s delinquency.
Documents to be prepared for you: "Follow-Through" Instructions, Collateral Assignment of Rents. Price: $95.00
If you would like to proceed, please click here!
The following questions should be answered in order for us to prepare correct and enforceable documents:
Property Address: Property City: Property State: Property Zip Code:
A property is legally described not by an address but the lot/block in a platted subdivision, or by "Metes and Bounds" in unplatted parcels. Property is indexed and recorded in the public records only by the legal description, so this information is usually important in all enforceable real estate documents.
Lot , Block , Addition to the City of , County, Texas.
If property is not in a lot/block subdivision, but surveyed by "METES and BOUNDS", please locate the metes and bounds description on the back of your existing deed and either fax it to us at 817.737.7201 or upload at the bottom of this questionnaire. If you are unable to locate the legal description, check the box below.
Unable to locate legal description
Date:
Date of Note:
Original Principal Amount of Note: $
Date of Original Deed of Trust:
Recording Information of Deed of Trust:
Date of Original Deed:
Recording Information of Deed:
OPTIONAL: Upload files to help the TLD staff create your documents.