Legal Question in Real Estate Law in Texas

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?


Asked on 10/06/07, 9:11 pm

1 Answer from Attorneys
Cheryl Rivera Smith The Smith Law Firm

Re: Assignment, assumption and indemnity agreement

You're toast, unless you can get the lender to release you from liability - which is unlikely.

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Answered on 10/07/07, 10:23 am


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