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    Collateral Substitution Agreement | USA


    Replace the property which is collateral for a mortgage with a different one under this Collateral Substitution Agreement.

    • This agreement would be used by a mortgage lender in circumstances where a borrower wants to sell their mortgaged property in order to buy another property of approximately equal value.
    • The original real estate property is released from the mortgage.
    • The borrower's new property replaces the original one as collateral for the mortgage.
    • The provisions of the original promissory note and all other loan documentation remain in full force and effect against the borrower and the new property.
    • This is a generic legal document for the United States which does not contain any state-specific references.
    • Available in MS Word form, fully editable and reusable.
    Download Type: Microsoft Word
    Last Updated: 30-May-2022
    SKU: 7296