PHILLIP JOHNSON
PHILLIP JOHNSON
(919)868-3171 Mobile
(800)704-7445
phillipjohnson@remax.net
Always "In Touch"
Raleigh NC Real Estate Services


THE PHILLIP JOHNSON TEAM
1-800-704-7445 - Listing Details Dial Ext. 7

Raleigh Real estate buyer and seller

  Assumption Clause

A provision in an assumable mortgage that allows a buyer to assume responsibility for the mortgage from the seller. The loan does not need to be paid in full by the original borrower upon sale or transfer of the property.

 

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