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 Houston
Category:
State:
Multi-State
City:
Houston
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. In a deed of trust to secure assumption, another person assumes the note already in place, guaranteeing payment to the grantor in the deed. How to fill out the Assumption of Risk Waiver and Release Agreement? 1. Read through the entire document carefully. 2.