Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
Assumable Mortgage — A type of financing arrangement in which the outstanding mortgage and its terms can be transferred from the current owner to a buyer. By assuming the previous owner s remaining debt, the buyer can avoid having to obtain his or her own mortgage.… … Investment dictionary
assumable mortgage — /əˌsju:məb(ə)l mɔ:gɪd / noun US a mortgage which can be passed to another person, such as a person buying the property from the mortgagor … Dictionary of banking and finance
assumable — As applied to mortgage loans, assumable means that a borrower who sells his or her home may transfer the outstanding mortgage loan secured by that dwelling to the new buyers. The new buyers are said to assume the loan. American Banker Glossary … Financial and business terms
Commercial mortgage — Finance Financial markets Bond market … Wikipedia
ЗАКЛАДНАЯ С ВОЗМОЖНОЙ СМЕНОЙ ДОЛЖНИКА — ASSUMABLE MORTGAGEИПОТЕКА, к рую можно передать новому владельцу на условиях процентной ставки, к рую платил прежний владелец. Некоторые кредиторы требовали вернуть такие ссуды на условии оговорки срочные по мере продажи , когда покупатели и… … Энциклопедия банковского дела и финансов
List of real estate topics — This aims to be a complete list of the articles on real estate. NOTOC compactTOC # *72 hour clause A *Abstract of title *Acknowledgment *Acre A measure of land *Ad valorem tax *Adjustable rate mortgage (ARM) *Administrator/Administratrix *Adverse … Wikipedia
Due-On-Sale Clause — A provision in a mortgage contract that requires that the mortgage be repaid in full upon a sale or conveyance of interest in the property that secures the mortgage. Mortgages with a due on sale clause are not assumable. A due on sale clause… … Investment dictionary
Due-on-sale clause — A due on sale clause is a clause in a loan or promissory note that stipulates that the full balance may be called due upon sale or transfer of ownership of the property used to secure the note. The lender has the right, but not the obligation, to … Wikipedia
Subject-to — is a way of purchasing property when there is an existing lien (i.e., Mortgage, Deed of Trust). It is defined as: Acquiring ownership to a property from a seller without paying off the existing liens secured against the property. It is a way of… … Wikipedia
constructive — con·struc·tive /kən strək tiv/ adj: created by a legal fiction: as a: inferred by a judicial construction or interpretation b: not actual but implied by operation of the law made a constructive entry when he refused to take the opportunity for a… … Law dictionary
