Which document allows a mortgagee to take ownership if a mortgage is sold?

The transfer form is the correct document that facilitates the transfer of ownership from the mortgagor to the mortgagee in the context of a mortgage sale. When a mortgage is sold, the mortgagee retains certain rights under the mortgage agreement, and the transfer form is essential for legally documenting the change in ownership of the property. This form outlines the conditions under which the mortgagee can take possession of the property, including the circumstances surrounding default or foreclosure.

By executing the transfer form, the mortgagee effectively secures their interest and ensures that the ownership rights are officially recognized, allowing for the legal process to take place if the mortgage terms are not met. Other documents mentioned, such as the title deed, affidavit, and mortgage payout statement, serve different purposes in property transactions and do not specifically authorize a mortgagee to take ownership in the event of a mortgage sale.