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 Montgomery
Category:
State:
Multi-State
County:
Montgomery
Control #:
US-00424
Format:
Word;
Rich Text
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Thinking of taking on a mortgage from a family member? Then you'll likely look into a mortgage assumption agreement.List of obligations: Clearly identify and list all obligations being transferred from the assignor to the assignee in the assumption agreement. In real estate transactions, an assumption agreement allows a third party to "assume" or take over the loan of the property's seller. 1. Read the agreement carefully to understand the obligations.