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Real Estate Glossary
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Assumption clause:
A provision that allows a buyer to take responsibility for the mortgage from a seller.
As defined by Inman
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See Also:
» Non-assumption clause
The definition for Assumption clause and
this glossary as a whole are presented to you as a courtesy of ForeclosuresMass.
For other terms, explinations, definitions and descriptions, please
visit our Glossary page.
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