An assumption transaction may be accomplished with or without consent of the lender. The transaction involves only a title transfer.An alphabeticalbytopic list is provided below containing information and downloadable PDF forms, when available, or links to external resources. General Assignment and Assumption Agreement - Sara Lee Corp. In a deed of trust to secure assumption, another person assumes the note already in place, guaranteeing payment to the grantor in the deed. A deed is a legal document that transfers ownership of real property. Real property is land, or anything attached to land, such as buildings.