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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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How to fill out the Mortgage Assumption Agreement Document? Once the lender approves, the next step is executing the assumption.The lender will prepare an assumption agreement for both parties to sign. An assumption transaction may be accomplished with or without consent of the lender. The transaction involves only a title transfer.
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