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 Agreement With Release Of Liability In Texas
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State:
Multi-State
Control #:
US-00424
Format:
Word;
Rich Text
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This Addendum is used in conjunction with the Loan Assumption Addendum if the Seller wants to be released from future liability of the loan. An assumption transaction may be accomplished with or without consent of the lender.The transaction involves only a title transfer. The assumption and release agreement also includes key details regarding indemnities, warranties, and liabilties that each party will take responsibility for. INSTRUCTIONS: Please complete this form fully and accurately and return it to the office of the Department of Veterans Affairs (VA) shown below. Enclose. Please read carefully and fill in all blanks before signing. Liability Release and Assumption of Risk Agreement.