Assumption Of Mortgage

Business, Legal & Accounting Glossary

Definition: Assumption Of Mortgage


Assumption Of Mortgage


Full Definition of Assumption Of Mortgage


Acquiring title to property on which there is an existing mortgage and agreeing to be personally liable for the terms and conditions of the mortgage, including payments. Fees are typically set at the time of loan origination.


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Assumption Of Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 03, 2021 https://payrollheaven.com/define/assumption-of-mortgage/.
Chicago Manual of Style (CMS):
Assumption Of Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/assumption-of-mortgage/ (accessed: December 03, 2021).
American Psychological Association (APA):
Assumption Of Mortgage. PayrollHeaven.com. Retrieved December 03, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/assumption-of-mortgage/

Definition Sources


Definitions for Assumption Of Mortgage are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.