CHILDERS REALTY & ASSOCIATES
CHILDERS REALTY & ASSOCIATES
(662) 728-7694 FAX # 728-5000


JANE GILLESPIE - BROKER
jogillespie@bellsouth.net

CHILDERS REALTY & ASSOCIATES
"The House-Sold" Name in Real Estate
Tammie Watson - Realtor - watsontammie@bellsouth.net
Real Estate Glossary

  Assumption Clause

A provision in an assumable mortgage that allows a buyer to assume responsibility for the mortgage from the seller. The loan does not need to be paid in full by the original borrower upon sale or transfer of the property.

 

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