Time is a crucial resource that every company treasures and tries to transform in a reward. When choosing document management software, take note of a clutterless and user-friendly interface that empowers customers. DocHub offers cutting-edge features to improve your document management and transforms your PDF editing into a matter of a single click. Delete Tick to the Assumption Agreement with DocHub in order to save a lot of time and boost your productivity.
Make PDF editing an simple and easy intuitive process that will save you plenty of valuable time. Effortlessly adjust your files and send them for signing without adopting third-party software. Concentrate on pertinent tasks and boost your document management with DocHub right now.
[Music] what is an assumption agreement the assumption agreement is usually involved a real estate transaction where the buyer is going to take over the mortgage payments of the seller so the buyer takes over the payments or assumes those payments and starts making the payments now the if you have an assumption agreement uh with the lender uh then you have to have all parties agree to that that the buyer will make the payments and the lender recognizes the buyer as the new uh borrower and the new borrower is continue is the one that is liable for the loan however most lenders do not release the seller or the person who initially made the loan so theyll hold both parties responsible so an assumption agreement is between the lender the person who borrowed the money or the person thats indebted and the person whos taking over the loan payments and thats what the assumption agreement is if you have any questions about it give me a call at 727