 Assumption
The agreement between buyer and seller where the buyer takes over the
payments on an existing mortgage from the seller. Assuming a loan can
usually save the buyer money since this is an existing mortgage debt,
unlike a new mortgage where closing cost and new, probably higher,
market-rate interest charges will apply.
Sites of interest about about Assumption:
Courtesy links about Assumption:| 1. | Looking For assumption
Find assumption and more at Lycos Search. No clutter, just answers. Lycos - Go Get It!
search.lycos.com | | | 2. | assumption in the Free Online Encyclopedia
Read about assumption in the free online encyclopedia and dictionary. Over 600,000 articles on any topic.
thefreedictionary.com | | | 3. | Search for assumption at eBay
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