Loan Assumption Agreement Form In King

Category:

Loans and Lending - Assumptions

State:

Multi-State

County:

King

Control #:

US-00424

Format:

Instant download

Description

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 mortgage assumption agreement allows a new borrower ("Borrower") to assume an existing mortgage from the original borrower. A mortgage assumption agreement is basically you coming in and saying sign this paperwork I'm still responsible for the mortgage.A mortgage assumption is the process of a buyer taking over, or assuming, the seller's existing home mortgage. A loan assumption is a lending process where a borrower formally takes over or "assumes" a current home loan from a home seller.

Loan Assumption Agreement Form In King

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