At the first blush, it may seem that online editors are very similar, but you’ll find that it’s not that way at all. Having a powerful document management solution like DocHub, you can do much more than with traditional tools. What makes our editor so special is its ability not only to promptly Put in effect in Assumption Agreement but also to create paperwork completely from scratch, just the way you want it!
In spite of its extensive editing capabilities, DocHub has a very simple-to-use interface that offers all the functions you want at hand. Thus, altering a Assumption Agreement or an entirely new document will take only a few moments.
Register for a free trial and celebrate your greatest-ever paperwork-related experience with DocHub!
[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