This form is an Assumption Agreement. The form provides that the grantee will assume a lien on property described in the agreement. The assumption will become effective on the date provided in the agreement.
Assumption Of Agreement Meaning In Bexar
Category:
State:
Multi-State
County:
Bexar
Control #:
US-00424
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
This type of agreement transfers the obligations of one party under a contract to another party. In real estate transactions, an assumption agreement allows a third party to "assume" or take over the loan of the property's seller.An assumption transaction may be accomplished with or without consent of the lender. The transaction involves only a title transfer.