The Contract To Sell With Assumption Of Mortgage is utilized when a property buyer wishes to take over the seller's existing mortgage rather than obtaining new financing. This document is particularly relevant in the United States when interest rates have increased significantly since the original mortgage was issued, making the existing loan terms more attractive. The contract must comply with federal regulations including TILA and RESPA, as well as state-specific real estate laws. It details the property transfer, purchase price, assumption terms, and requires explicit lender approval to prevent triggering due-on-sale clauses.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of seller, buyer, and current mortgage holder
2. Background: Context of the sale and existing mortgage situation
3. Definitions: Key terms used throughout the contract
4. Property Description: Legal description and details of the property being sold
5. Purchase Price and Payment Terms: Total price and payment structure including mortgage assumption details
6. Mortgage Assumption Terms: Specific terms of the mortgage being assumed including balance, interest rate, and payment schedule
7. Lender Approval Requirements: Conditions for lender's approval of the mortgage assumption
8. Closing Conditions: Requirements that must be met before closing
1. Property Inspection: Terms for property inspection when buyer requests inspection period
2. Seller Financing: Additional financing terms provided by seller when supplementary financing beyond assumed mortgage is needed
3. Property Management: Terms for managing property during transition when property is income-generating or has tenants
4. Insurance Requirements: Specific insurance terms when additional insurance requirements exist beyond standard coverage
1. Property Description Schedule: Detailed legal description of property
2. Existing Mortgage Schedule: Complete details of current mortgage being assumed
3. Title Documents: Copies of relevant title documents
4. Property Inspection Report: Results of property inspection if conducted
5. Lender Approval Documentation: Written approval from lender for mortgage assumption
6. Payment Schedule: Detailed schedule of payments including assumed mortgage payments
Find the exact document you need
In A Sale Leaseback Agreement The
A U.S. legal agreement where property is sold and immediately leased back to the seller, combining sale and lease terms in one document.
Download
Deed Of Sale Without Notary
A U.S. legal document transferring property ownership between parties without notarization, requiring specific formalities per state law.
Download
Contract Of Absolute Sale
A U.S. legal document that transfers complete ownership of property from seller to buyer, governed by state laws and the UCC.
Download
Buying And Selling Real Estate Contracts
A U.S.-governed contract documenting the terms and conditions for the sale and purchase of real property, ensuring compliance with federal and state real estate laws.
Download
Puppy Sale Agreement
A U.S.-compliant legal agreement for the sale and purchase of puppies, including health warranties and ownership transfer terms.
Download
Pleasure Craft Sales Contract
A US-governed contract for the sale and purchase of pleasure craft vessels, ensuring compliance with federal maritime and state vessel regulations.
Download
Sale Deed Without Sale Agreement
A U.S. legal document that transfers property ownership directly, combining sale terms and title transfer in a single instrument.
Download
Private Vehicle Trade Agreement
A U.S. legal agreement documenting the sale and transfer of ownership of a private vehicle between two parties.
Download
Contract To Sell House And Lot
A U.S.-compliant legal agreement for the sale and purchase of residential real estate, including house and land.
Download
Bona Fide Sales Contract
A legally binding agreement under U.S. law documenting the genuine sale and transfer of goods between parties.
Download
Bailment Agreement Car Dealership
A U.S. legal agreement governing temporary vehicle possession between a dealership and another party, subject to state and federal regulations.
Download
Rv Purchase Agreement
A U.S.-compliant legal agreement for the purchase and sale of recreational vehicles, including terms of sale and transfer of ownership.
Download
Lease Option Property For Sale
A U.S. legal agreement combining property lease terms with an option to purchase at a predetermined price within a specified period.
Download
Motor Vehicle Retail Installment Sales Contract
A U.S.-compliant contract documenting the financed sale of a vehicle through installment payments, governed by federal and state automotive finance laws.
Download
Contract To Sell With Assumption Of Mortgage
A U.S. legal agreement combining property sale terms with mortgage assumption arrangements from seller to buyer.
Download
Contract Sales Of Goods
A legally binding agreement for the sale of goods in the United States, governed by the UCC, specifying terms of sale between buyer and seller.
Download
Deed Of Sale Of Absolute Sale
A U.S. legal document that transfers complete property ownership from seller to buyer, subject to state property laws.
Download
Sold As Seen Contract
A U.S. legal agreement for selling items in their current condition without warranties or guarantees.
Download
Agreement To Buy Property
A U.S. legal contract establishing terms and conditions for the purchase and sale of real property.
Download
NDA Settlement
A U.S.-governed legal agreement that resolves disputes related to NDA breaches while establishing ongoing confidentiality obligations.
Download
Sale And Contract Of Sale
A U.S.-governed legal agreement documenting the terms and conditions for the sale of goods between a seller and buyer, subject to UCC regulations.
Download
Plot Sale Agreement Form
A legal document used in the United States for the sale and transfer of land, incorporating federal and state-specific real estate requirements.
Download
Addendum Deed Of Sale
A U.S. legal document that modifies an existing deed of sale, allowing parties to make formal changes to the original agreement while maintaining its validity.
Download
Sales Inspection Report And Exclusive Agency Agreement
A U.S.-compliant combined document establishing exclusive agency rights and detailing property inspection findings for real estate sales.
Download
Standard Sales Contract
A US-governed contract establishing terms and conditions for the sale and purchase of goods, compliant with UCC Article 2 and relevant federal/state laws.
Download
Sale Of Horse Contract
A U.S.-governed legal agreement documenting the sale and transfer of ownership of a horse, including terms, conditions, and warranties under state and federal law.
Download
Houses For Sale Contract For Deed
A U.S. legal agreement where property seller retains title until buyer completes scheduled payments under state and federal regulations.
Download
Deed Of Sale With Assumption Of Mortgage Car
A U.S. legal document enabling vehicle sale with existing mortgage transfer from seller to buyer, subject to state and federal regulations.
Download
Deed Of Sale Of Land Rights
A U.S. legal document that transfers ownership rights in real property from one party to another, subject to federal and state property laws.
Download
Deed Of Sale Of Condominium Unit
A U.S. legal document transferring ownership of a condominium unit from seller to buyer, compliant with federal and state real estate laws.
Download
Contract Sales Representative
A US-governed agreement establishing terms for independent sales representatives to sell products/services on behalf of a company, including territory rights and commission structures.
Download
Agreement Of Sale Document
A U.S.-governed legal document that formalizes the transfer of ownership between seller and buyer, detailing sale terms and conditions.
Download
Preliminary Sale Contract
A U.S.-governed preliminary agreement that outlines the terms and conditions for a proposed sale transaction.
Download
Mobile Home Installment Sale Contract
A U.S.-governed contract for the sale of a mobile home through installment payments, complying with federal and state manufactured housing regulations.
Download
Deed Of Sale Installment Payment
A U.S. legal document facilitating property transfer with structured payment terms over time.
Download
Conditional Deed Of Sale With Assumption Of Mortgage
A U.S. legal document combining property sale terms with mortgage assumption provisions.
Download
Cash Sale House Contract
A U.S. legal agreement for the purchase of real estate through direct cash payment, without mortgage financing.
Download
Agreement Sale Deed
A U.S. legal document that transfers property ownership from seller to buyer, incorporating state-specific requirements and federal regulations.
Download
Resale Agreement Draft
A U.S.-governed agreement establishing terms for product resale between supplier and authorized reseller.
Download
Deed Of Sale To Land Title
A U.S. legal document that transfers real property ownership from seller to buyer, requiring proper execution and recording under state law.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)