Assignment, assumption and indemnity agreement
I have a loan in my name as purchaser that an investment group (assignee) is taking over with an assigment, assumption and indemnity agreement. What is my liability if they default on the loan?
Assignment, assumption and indemnity agreement
I have a loan in my name as purchaser that an investment group (assignee) is taking over with an assigment, assumption and indemnity agreement. What is my liability if they default on the loan?
Re: Assignment, assumption and indemnity agreement
You’re toast, unless you can get the lender to release you from liability – which is unlikely.
Cheryl Rivera Smith
The Smith Law Firm
11660 Creek Point Drive
Frisco, TX 75035-8278