(i.e. not renewed) with these new contracts. The 405a contracts have a requirement for audited Annual Financial Statement requirements and restrict admission for occupancy to Very Low Income residents. Potential purchasers often look to the HAP and HAP of record when researching property requirements. However, because the 405(a) contracts were essentially in 1997-98, these documents need to be reviewed thoroughly by any potential purchaser and referenced in the HAP assignment and assumption agreement.

  • Real Estate

What Is Form HUD-1044-C?

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Form HUD-1044-C Assignment / Assumption Agreement

  • United States Legal Forms
  • United States Federal Legal Forms
  • U.S. Department of Housing and Urban Development
  • Form HUD-1044-C Assignment/Assumption Agreement

This is a legal form that was released by the U.S. Department of Housing and Urban Development on March 1, 2001 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

Q: What is Form HUD-1044-C? A: Form HUD-1044-C is an Assignment/Assumption Agreement.

Q: What is the purpose of Form HUD-1044-C? A: The purpose of Form HUD-1044-C is to document the transfer of rights and obligations of a HUD-insured mortgage.

Q: Who should use Form HUD-1044-C? A: Form HUD-1044-C should be used by parties involved in the transfer of a HUD-insured mortgage, such as the original borrower, the new borrower, and the lender.

Q: What does the Assignment/Assumption Agreement entail? A: The Assignment/Assumption Agreement details the terms and conditions of the transfer, including the assumption of the mortgage by the new borrower.

Q: Is Form HUD-1044-C mandatory for mortgage transfers? A: Yes, Form HUD-1044-C is required by HUD for all transfer of HUD-insured mortgages.

Form Details:

  • Released on March 1, 2001;
  • The latest available edition released by the U.S. Department of Housing and Urban Development;
  • Easy to use and ready to print;
  • Yours to fill out and keep for your records;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application .

Download a fillable version of Form HUD-1044-C by clicking the link below or browse more documents and templates provided by the U.S. Department of Housing and Urban Development.

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Assignment/Assumption Agreement (HUD-1044-C)

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Form Hud-1044-C - Assignment/assumption Agreement - U.s. Department Of Housing And Urban Development

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