is the purchase of a property subject to the mortgage the assumption of the mortgage debt and any exchange of possession of the property under a property sales contract or any other land trust device

RealEstateTerminology:, TransferofOwnership

Sun Builders,  RealEstateTerminology:, TransferofOwnership

#RealEstateTerminology:

#TransferofOwnership is the purchase of a property "subject to" the mortgage, the assumption of the mortgage debt, and any exchange of possession of the property under a property sales contract or any other land trust device.

#RealEstateTerminology: #TransferofOwnership is the purchase of a property "subject to" the mortgage, the assumption of the mortgage debt, and any exchange of possession of the property under a property sales contract or any other land trust device.

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