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    chata1213's Avatar
    chata1213 Posts: 2, Reputation: 1
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    #1

    Oct 16, 2007, 08:48 PM
    Assumption deed for mortgage
    What is an assumption deed?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Oct 16, 2007, 09:33 PM
    A deed is not "assumed" they are transferred. A mortgage ( the loan) could maybe be assumed. Not as many mortages today allow this, it was something done a lot more some years ago. To find out if it is, check your paper work or contact the lender.
    New_Friend's Avatar
    New_Friend Posts: 1, Reputation: 1
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    #3

    Feb 9, 2011, 04:40 PM
    This is a document to be utilised when you wish to replace one party with another in an ongoing situation. Similar to an assignment.
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