Asked by
Flexico Niejah
on Dec 06, 2024
Verified
If Carol purchases a home owned by Joe that has a mortgage,she agrees to assume Joe's debt.
Assumes Debt
When an individual or entity takes on the legal obligation to pay back a debt originally owed by another party.
- Gain an insight into the tasks and responsibilities associated with parties in mortgage dealings.
Verified Answer
EC
Learning Objectives
- Gain an insight into the tasks and responsibilities associated with parties in mortgage dealings.
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