What is ASSUMPTION FEE?

A change a lender puts on a buyer of property. This person assumes the mortgage. Refer to assumption of mortgage.

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Related Legal Terms
ASSUMPTION, ASSUMPTION REINSURANCE, WORKOUT ASSUMPTION, RISK ASSUMPTION, ASSUMPTION OF MORTGAGE, ASSUMPTION OF INDEBTEDNESS, ASSUMPTION OF RISK, ACTUARIAL ASSUMPTION, ASSUMPTION ENDORSEMENT, TIME PERIOD ASSUMPTION


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