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 In King
Category:
State:
Multi-State
County:
King
Control #:
US-00424
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
An assumption clause in a mortgage contract allows a home's seller to pass responsibility for the existing mortgage to the new homebuyer. A mortgage assumption agreement is basically you coming in and saying sign this paperwork I'm still responsible for the mortgage.DEPOSIT INSURANCE CORPORATION, RECEIVER of FIRST REPUBLIC BANK,. This usually involves submitting financial documents such as income statements, credit reports, and bank statements. Two providers, Homepoint (no longer around) and Nationstar both offer a loan assumption as long as you can qualify for the loan individually. Mortgage assumptions where a buyer assumes the existing mortgage loan of a seller have fluctuated in popularity since the 1980s.