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Updated over 14 years ago,
Assignment of Rents
Hi, I have a question and hope someone can help. We live in Gallatin TN and we just bought our third revenue property. We're using a new lawyer. First they want copies of DL, CCs and Passports??, we've never been asked for this info before, I don’t even have a passport! Second, we're now being asked to sign an Assignment of Rents for the bank. We've used this bank before (BA) and haven't had to sign this. Looking for advice on what my rights are to say no. Our other revenue property is running fine, never defaulted. Our credit is excellent with a high yearly income...
Thanks,
Jobamo