MARILYN THIEL
MARILYN THIEL
(719) 338-6218
BROKER ASSOCIATE
Real Estate Sales and Marketing Specialist
New Construction and Land
Single Family, Town Homes, Patio Homes
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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