Multiple Choice
Barry purchased Bob's home without accepting obligation for the existing loan. Barry is said to be buying the house
A) subject to the loan.
B) with an assumption of the loan.
C) with an assumption by substitution of the loan.
D) by contract for equitable title.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q56: A borrower who wanted to make a
Q57: Provisions for the defeat of a mortgage
Q58: A(n)_ foreclosure does not go to court
Q59: A promissory note<br>A) describes the property being
Q60: A mortgagor signs a deed conveying title
Q62: The parties to a mortgage are called<br>A)
Q63: Choose the one most appropriate answer for
Q64: If a foreclosed property has sold for
Q65: Mogan and David buy a furnished house.
Q66: A borrower wants provisions written into his