Collateral Substitution Agreement | USA

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


Purpose of Agreement

This Collateral Substitution 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, and the borrower's new property replaces the original one as collateral for the mortgage.

Original Provisions to Remain in Effect

The provisions of the original promissory note and all other loan documentation respecting the mortgage will remain in full force and effect against the borrower and the new property.

Format and Scope of Use

The Collateral Substitution Agreement is available in MS Word format and is fully editable and reusable, making it flexible and cost-effective.

This legal document is intended for use within the the United States. It does not contain any state-specific references.

Document Type: Microsoft Word
Last Updated: 10-December-2025
SKU: 7296
$12.49
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