Assumption Agreement

Definition of "Assumption agreement"

See assumption of mortgage; deed of trust.

Search Real Estate Glossary

Related Real Estate Glossary terms

Suburban

Description of an area that is located at the outskirts of a city composed primarily of residential ...

Fixed Dollar Investments

Financial instruments whose principal and income are established in advance according to contractual ...

Run-off

Liability of an insurance company for future claims that it expects to pay and for which a reserve h ...

Net Underwriting Profit (or Loss)

Statutory underwriting gain minus (or loss plus) policyholder's dividends. ...

Personal Injury

Wrongful conduct causing false arrest, invasion of privacy, libel, slander, defamation of character, ...

American Insurance Association (aia)

Membership organization of property and liability insurance companies. The association promotes the ...

Related Real Estate FAQ

What Are Paid Advertorials?

Paid advertorials are articles written by public relations professionals that have just one goal in ...

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of ...

What Is Earnest Money?

Earnest money is a deposit you make when you make an offer on a house. ...

What Is Freddie Mac?

Freddie Mac is a name for the Federal Home Loan Mortgage Corp., which is a financial corporation cha ...

What Is A Counteroffer?

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

What Are The Benefits Of Liability Insurance?

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

What is the Best Time of Year to Buy a Home? Real Estate Open House - The Dos and Don What Must I Disclose When Selling My Home? Should you Buy a Home with Cash? 3 tips to ensure your sale goes through

FAQ

What is an amortization? What is a loan-to-value (LTD) ratio? How much money can I borrow to buy a home? Why should I use a real estate agent? What do I need to know about Watercraft Insurance?