Lender Approval

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January 1, 1 7 min read Definitions
Assumption of Mortgage
Assumption of Mortgage Debt Liability Mortgage Transfer Real Estate Transactions Property Purchase Equity Buyer and Seller Agreements Lender Approval
Assumption of mortgage is a real estate transaction where the buyer accepts liability for the existing mortgage debt on the property, often facilitating a smoother and potentially cheaper transfer of ownership compared to obtaining a new loan.
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