| assumption |
When a buyer assumes the loan payments and obligations of the seller. If the buyer defaults, however, both the buyer and seller are responsible for the debt.
Ãâó: www.sun-sentinel.com/classified/realestate/mortgag...
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| assumption |
An agreement between a buyer and a seller which may require lender approval, where the buyer takes over the payments for a mortgage and accepts the liability. Assuming a loan can be advantageous for a buyer because there are no closing costs and the loan
Ãâó: www.almadenfinancialgroup.com/glossary-contents.ht...
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| assumption |
The act of conveying real property; taking title to a property with the Buyer assuming liability for paying an existing note secured by a deed of trust against the property.
Ãâó: www.deltatitlecorp.com/glossary.shtml
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| assumption |
An agreement between buyer and seller in which the buyer assumes responsibility for the seller
Ãâó: www.miami-miamibeach.com/Real_Estate_Buyer/Mortgag...
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| assumption |
To assume an existing mortgage. Utah Housing loans can be assumed by qualified buyers. Only a few Fixed Rate Mortgages are assumable. Most Adjustable-Rate Mortgages are assumable although it is often undesirable for the buyer to assume this type of mortgage. An assumable loan can make your home more attractive to buyers when you want to sell.
Ãâó: www.oconeecountygeorgiarealestate.com/mortgage_a_t...
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