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If a house has a septic system, who is responsible for ensuring the system is working properly before the sale? Are there any legal requirements? Find answers to this and many other questions on Trulia Voices, a community for you to find and. Get answers, and share your insights and experience.
The trustee of a deed of trust isn’t involved in the exchange of funds so you can buy your house. That’s between your home’s seller and your mortgage lender when the lender makes you the loan. You then sign the deed of trust, promising to pay the loan back. The trustee’s role is to make sure you do.
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The main difference between an assuming a mortgage and taking the property subject to a mortgage is who gets stuck with the bill if the new owner defaults on the loan. If you are a property owner.
If a person dies before he finishes paying off his home mortgage, what happens to the mortgage depends on how the property was held and who inherits it. In probate, the estate can pay off the debt.
From a builder’s sales and design team to your mortgage lender and other professionals, having the right people on your home purchase team will help make the process simpler, faster and more stress free. The Builder’s Sales Team Your builder’s sales team is your key to understanding your builder’s policies and offerings.