- assume a mortgage
- eine Hypothek übernehmen
First banking dictionary. Winfried Honig. 2014.
assume a mortgage
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assume — as·sume vt as·sumed, as·sum·ing 1: to voluntarily take upon oneself assume a risk 2: to take over (the debts or obligations of another) as one s own assume a mortgage Merriam Webster’s Dictionary of Law. Merriam Webster … Law dictionary
assume — UK US /əˈsjuːm/ verb [T] ► to begin to take control of something: assume control/office/a role »Europe has assumed a leadership role in the prevention of future global crises. assume responsibility for sth »The FSA said mortgages would not be… … Financial and business terms
assume — In ordinary parlance, to assume means to undertake; to engage; to promise. In matters of law, to take upon one s self. Springer v De Wolf, 194 Ill 218, 62 NW 542. See assumption of charge on land; assumption of mortgage; assumption of obligation … Ballentine's law dictionary
assumable mortgage — A home mortgage that allows the buyer to take over the seller s mortgage; that is, to step into the seller s shoes, make mortgage payments, and comply with other terms of the existing loan. Most lenders require the borrower to qualify for the… … Law dictionary
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assumption of mortgage — An agreement by the grantee of mortgaged premises to pay the debt secured by the mortgage. 37 Am J1st Mtg § 997. There is a broad and obvious distinction in the effect there of upon the rights of the parties, between the taking of mortgaged… … Ballentine's law dictionary
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Wraparound mortgage — A wrap around mortgage is a form of secondary financing in which a seller extends to a purchaser a junior mortgage which wraps around and exists in addition to one or more superior mortgages. Under a wrap, a seller accepts a promissory note from… … Wikipedia
equitable mortgage — An instrument not effective as a mortgage at law but regarded as a mortgage and given the effect of a mortgage in equity, the same as if a mortgage in due form had been executed, under various circumstances, such as the reservation of alien on… … Ballentine's law dictionary
