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 Meaning In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00424
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
This type of agreement transfers the obligations of one party under a contract to another party. In real estate transactions, an assumption agreement allows a third party to "assume" or take over the loan of the property's seller.It may make a contract voidable if: 1. The mistake concerned a basic assumption on which the contract was made 2. To reserve funds in the program the borrower is required to have a signed real estate purchase contract for a specific address. The succinct answer is a Master Agreement is a legal and binding contract that has established. Article 12 CONSTRUCTION OF ORDINANCES.