Common Contracts
1 similar Mortgage Assumption Agreement contracts
Free mortgage assumption agreement formMortgage Assumption Agreement • June 16th, 2023
Assumption fee is the charge paid by the buyer who assumes a mortgage on a property, i.e. buying a property that has not been completely paid off to the bank.3 min read The assumption fee is the charge paid by the buyer who assumes a mortgage on a property. This fee most commonly occurs when someone buys a property that has not been completely paid off to the bank yet. While the buyer becomes liable for payments, the original seller still retains secondary liability, unless specifically released by the buyer in writing.
