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Save Assumption Agreement in PDF

Save Assumption Agreement in PDF

Aug 6th, 2022

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How to Save Assumption Agreement in PDF

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An assumption agreement is a real estate transaction where the buyer takes over the seller's mortgage payments. For this to occur, all parties, including the lender, must agree to the arrangement. The lender recognizes the buyer as the new borrower, making them liable for the loan. However, most lenders do not release the seller from liability, meaning both the seller and the buyer remain responsible for the loan. The agreement involves the lender, the original borrower, and the buyer assuming the payments. For any further questions, you can reach out for assistance.

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