| assumption |
A transaction that allows the buyer to assume responsibility for an existing loan instead of getting a new loan.
Ãâó: www.ohiofinancialgroup.com/glossary.html
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| assumption |
The process of transferring the seller's existing mortgage and liability for payments to the buyer when purchasing a property, which usually saves the buyer money, since assuming a new mortgage incurs additional closing costs and possibly higher interest charges
Ãâó: www.las-vegas-homes.name/RealEstateDictionary-A.ht...
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| assumption |
Buying property and assuming the responsibility of the exiting mortgage.
Ãâó: www.canadahome.ca/homeguide/mglossary.htm
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| assumption |
A legal document signed by a homebuyer that requires the buyer to assume responsibility for the obligations of a mortgage by the builder or original owner.
Ãâó: www.remax-western.ca/3001_glossary.html
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| assumption |
An agreement by one party to pay an obligation previously owned by another. For example, the assumption of an existing Trust Deed by a new owner may occur when property is sold.
Ãâó: www.savrenescrow.com/terms.htm
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