Real Estate Law
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Please allow me to explain it another way. Each Assignment of the Deed of Trust will recite all the previous Assignments so that if you go to the Recorder's Office and you look for the last Assignment to the current holder of your Deed of Trust, it should recite all of the previous Assignments, from the original lender which you said was First National Bank of Arizona, it will recite the Assignment by the First National Bank of Arizona to GMAC, the date of the Assignment to GMAC, the date that the Assignment was recorded; then it will recite the Assignment of the Deed of Trust to New York Mellon Bank, the Date of the Assignment, and the date on which it was recorded in the Office of the Recorder of Deeds. If you go to the Office of the Recorder of Deeds for the County in which the property is located and ask for the Assignment of Deed of Trust, you should see all of the above information on that Assignment. If all the previous Assignments, starting with the original lender, up to the current holder of the Deed of Trust are not there, then there is a "break in the chain of Assignments.
If you see that all of the Assignments are included in this latest Assignment, then there is no break in the chain of Assignments, but, you can ask the current lender to produce the original Deed of Trust because the original Deed of Trust must be transferred to the new lender with each Assignment,
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