Press "Enter" to skip to content

Category: Real Estate Law

Texas Assumption Transactions

An Assumption Transaction is the transfer of responsibility for repaying a previously obtained loan.

A real estate buyer may “assume” a loan on the property already in existence between the lender and the seller.

After an agreement has been signed, the new buyer will take over payments and receive the property.


Check out Real Estate Lawyer on Foreclosure Auctions


In an assumption transaction, the buyer takes title to property by virtue of an “assumption deed” that typically contains both a vendor’s lien and general or special warranties.