Mortgage Assumption
Learn about the definition for this legal term.
What is Mortgage Assumption?
The process of allowing a buyer to take on the obligation of the seller's existing mortgage, thereby sometimes avoiding the need for new financing.
Related Security Transactions And Mortgages Terms
Pass the Bar, Guaranteed
BarPrepHero Premium offers the most complete collection of real bar exam questions licensed directly from NCBE (the organization that writes the exam).