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.
Simple Assumption Agreement Form In Dallas
Category:
State:
Multi-State
County:
Dallas
Control #:
US-00424
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
This Addendum is used when the Buyer is assuming Seller's existing loan. 41-3 Redline 11.2022.It allows one party to "assume" the rights and responsibilities of the other party. In a deed of trust to secure assumption, another person assumes the note already in place, guaranteeing payment to the grantor in the deed. Persons using these forms assume all risks associated with their proper use. 1. Read the agreement carefully to understand the obligations. An assumption transaction may be accomplished with or without consent of the lender. The transaction involves only a title transfer. DEPOSIT INSURANCE CORPORATION, RECEIVER of FIRST REPUBLIC BANK,.