CENTURY 21 Manley Associates, Inc.
CENTURY 21 Manley Associates, Inc.
(434) 977-7300
Each Office is Independently
Owned and Operated
Serving Charlottesville since 1978


Real Estate Glossary

  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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