Assumption Agreement | Real Estate Glossary

Definition of "Assumption agreement"

See assumption of mortgage; deed of trust.

Projecting structure or part of a building. For example, a home was built with balconies jutting out ...

Highest price investor is willing to pay for a stock or mutual fund unit and lowest price a seller o ...

Molding used in corners simulating a quarter of a circle. ...

Interest rate on a loan that varies periodically based on some related measure. If interest rates ar ...

Soil, sand, and gravel deposited result of flooding or tidal action. ...

In construction, a bracket or braced framework of triangulated bars, beams, and ties used for suppor ...

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

FSBO means for sale by owner. ...

A CD, or Certificate of Deposit, is an investment usually made for a given period of time at a fixed ...

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

A subprime mortgage is a mortgage granted to a borrower who is considered subprime-that is, a person ...

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