Notice of Loan Sale to Taxing Authorities (Commercial Real Estate) | Practical Law
A form of notice delivered to the taxing authorities of mortgaged real property notifying the municipality that the lender has sold the loan to a third party. This Standard Document provides the applicable taxing authorities with the new lender's identity and contact information and authorizes and directs future tax bills and other tax information to be sent to the successor lender. This Standard Document has integrated notes with explanations and drafting tips.