Home buyers haunted by past owners’ claims » Mortgage Masters Group

Real Estate Glossary – RentCompare.com – Search all the. – The transfer of the seller’s existing mortgage to the buyer. See assumable mortgage. Assumption clause A provision in an assumable mortgage that allows a buyer to assume responsibility for the mortgage from the seller. The loan does not need to be paid in full by the original borrower upon sale or transfer of the property.

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