Mortgage   Everything you need to know about mortgages.

#ABCDEFGHIJKLMNOPQRSTUVWXYZ

what is...
ASSUMPTION
A method of selling real estate where the buyer of the property agrees to become responsible for the repayment of an existing loan on the property. Unless the lender also agrees, however, the seller remains liable for the mortgage.

    Courtesy of the Mortgage Glossary
    Copyright © 2006 by 20/20 Technologies