- NEW!
by Tom Fisher on July 18th, 2004
Taking title subject to the mortgage, means that the mortgage continues to encumber the property but you are not personally liable to pay the mortgage. Assuming the mortgage means that you are agreeing to be personally liable to pay the mortgage.
Can a student get a mortgage?
by Answerbag Staff on February 25th, 2011
| 1 person likes this
Is it better to put down as much money as possible on a home purchase (lets say at least 20%) or as little as possible?
by Anonymous on June 19th, 2010
| 1 person likes this
When will I receive the title for my house after paying off the mortgage in Washington State?
by Answerbag Staff on August 20th, 2010
| 1 person likes this
How could a bag boy making 9 dollars an hour get a home loan for 240,000 ? why was this approved and by professionals?
by relicbones on June 24th, 2010
| 1 person likes this
What percentage of home mortgage loans are ARMs or interest only?
by Answerbag Staff on August 4th, 2010
| 1 person likes this
You're reading What's the difference between "taking title subject to" and assuming an existing loan?
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!
Comments