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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.
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This mortgage assumption agreement allows a new borrower ("Borrower") to assume an existing mortgage from the original borrower. How to fill out the Mortgage Assumption Agreement Document?Get to grips with assumption agreements. This simple guide explains their purpose, key elements, and how they affect your business dealings.
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