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.
Assumption Deed
State:
Colorado
Control #:
CO-ED1014
Format:
Word;
Rich Text
Instant download
Description Simple Assumption Agreement Form
Free preview Co Agreement Release
How to fill out Colorado Assumption Agreement Of Deed Of Trust And Release Of Original Mortgagors?
1. Begin by entering the name of the lender, the original mortgagors (borrowers), and the property address at the top of the form.
2. Fill in the date of the original deed of trust and the recording information.
3. Provide the amount of the original loan and the remaining balance.
4. Include the legal description of the property.
5. Specify the reason for the assumption of the deed of trust and release of the original mortgagors.
6. Enter the names of the new assumptive mortgagors, their addresses, and contact information.
7. Have all parties sign and date the agreement.
To fill out the form online, users can visit the US Legal Forms website. On the site, users can find up-to-date lawyer-approved, state-specific form templates including the Colorado Assumption Agreement of Deed of Trust and Release of Original Mortgagors form. The form can be completed or downloaded in Word, PDF, and RTF formats.
To access the form on US Legal Forms, users will need to register and purchase a Basic or Premium subscription on a monthly or annual basis. This will give users access to a wide range of legal forms and templates for various needs.
2. Fill in the date of the original deed of trust and the recording information.
3. Provide the amount of the original loan and the remaining balance.
4. Include the legal description of the property.
5. Specify the reason for the assumption of the deed of trust and release of the original mortgagors.
6. Enter the names of the new assumptive mortgagors, their addresses, and contact information.
7. Have all parties sign and date the agreement.
To fill out the form online, users can visit the US Legal Forms website. On the site, users can find up-to-date lawyer-approved, state-specific form templates including the Colorado Assumption Agreement of Deed of Trust and Release of Original Mortgagors form. The form can be completed or downloaded in Word, PDF, and RTF formats.
To access the form on US Legal Forms, users will need to register and purchase a Basic or Premium subscription on a monthly or annual basis. This will give users access to a wide range of legal forms and templates for various needs.