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Question
Barry purchased Bob's home without accepting obligation for the existing loan. Barry is said to be buying the housea. subject to the loan.
b. with an assumption of the loan.
c. with an assumption by substitution of the loan.
d. by contract for equitable title.
Answer
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Related questions
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Q:
A man bought a home two years ago and sold it a year later. You would expect to find his name and a reference to the home in the mortgagee index.