Mortgage Assumption Agreement - Original Holder Liable (Canada)

Agreement among a homeowner, a mortgage lender and a purchaser of the home allowing the purchaser to assume the existing mortgage on the home. In this agreement, the original homeowner remains responsible for payments under the mortgage in the event of a default by the purchaser


This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon.