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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 Addendum is used when the Buyer is assuming Seller's existing loan. 41-3 Redline 11.2022.The agreement means that the buyer or grantee in the deed takes the property, assuming the debt currently on the property. Submit the form below and a member of our intake team will contact you. Where are you located? Discover the details and essential features of an Assumption Transactions in Texas.
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