How should a mortgage that has been totally assigned be satisfied?

When a mortgage has been fully assigned, the responsibility to satisfy that mortgage typically falls to the assignee. The assignee is the party that has assumed the rights and obligations of the mortgage from the original lender. In this context, the assignee can take various actions to satisfy the mortgage, such as receiving payments, modifying the loan terms, or initiating foreclosure if necessary.

Satisfaction of a mortgage involves formally releasing the lien and confirming that the debt has been paid or settled. Since the assignee now holds the rights previously held by the lender, they are responsible for the enforcement and ultimate satisfaction of the mortgage agreement. This reflects the principle that the rights and responsibilities associated with a mortgage transfer with the assignment.

The original lender, the borrower, and court orders do not typically fulfill the role of satisfying a mortgage that has been assigned unless under specific legal circumstances or agreements, but generally, it is the assignee who carries out this duty. Understanding this chain of responsibility is crucial in the context of mortgage assignments and satisfaction.