All Posts Tagged With: "subject to"
Contrast “Assumptions” And Buying “Subject To” The Loan?
In the general case, with an “assumption” a lender will first pursue the new borrower and then come after the original debtor if there is a default.
If the loan was taken “subject to” the mortgage, then only the original borrower remains responsible for the loan in the eyes of the lender.
While it may seem that [...]
© Copyright 