This Assumption Agreement of Deed of Trust and Release of Original Mortgagors form is for the lender, mortgagees and new purchasers to sign whereby the new purchasers of the property assume and agree to pay the debt to the lender, and the lender releases the original mortgagors from any future liability on the loan.
Mortgage Form
State:
Arkansas
Control #:
AR-ED1014
Format:
Word;
PDF;
Rich Text
Instant download
Description Mortgage Form Contract
Free preview Mortgage Form Application
How to fill out Arkansas Mortgage Mortgagors?
1. Required information to complete the form:
- The names and contact information of the original mortgagors (borrowers) and the new assumptor (the party assuming the mortgage)
- The original loan amount and mortgage terms
- The property address and legal description
- Details of the assumption agreement, including the new assumptor's responsibilities for the mortgage
- Signatures of all parties involved, including a notary public
2. Can the form be filled out online?
Yes, it is possible to fill out the Arkansas Assumption Agreement of Mortgage and Release of Original Mortgagors form online. On US Legal Forms website, users can find up-to-date lawyer-approved, state-specific form templates and complete or download them in Word, PDF, and RTF formats.
To get access to the form on US Legal Forms, users need to register and purchase a Basic or Premium subscription on a monthly or annual basis. This subscription gives users unlimited access to a wide range of legal forms and templates for various purposes, including real estate transactions like assumption agreements.
- The names and contact information of the original mortgagors (borrowers) and the new assumptor (the party assuming the mortgage)
- The original loan amount and mortgage terms
- The property address and legal description
- Details of the assumption agreement, including the new assumptor's responsibilities for the mortgage
- Signatures of all parties involved, including a notary public
2. Can the form be filled out online?
Yes, it is possible to fill out the Arkansas Assumption Agreement of Mortgage and Release of Original Mortgagors form online. On US Legal Forms website, users can find up-to-date lawyer-approved, state-specific form templates and complete or download them in Word, PDF, and RTF formats.
To get access to the form on US Legal Forms, users need to register and purchase a Basic or Premium subscription on a monthly or annual basis. This subscription gives users unlimited access to a wide range of legal forms and templates for various purposes, including real estate transactions like assumption agreements.