Title: Specify the difference between "buying subject to" and "assuming" a mortgage or deed of trust.
Course: Real Estate (12154) > Section: Examining Types of Mortgages and Deeds of Trust

Specification should include conditions for subject to vs. assumption.

DPOR correlations: 18VAC135-20-400. 5 (Deeds); 18VAC135-20-400. 6 (Mortgages and deeds of trust); 18VAC135-20-400. 7 (Types of mortgages); 18VAC135-20-400. 14 (Real estate financing)

Process/Skill Questions:

- When does the seller remain liable for a loan after property is sold?
- What is a release of liability?
- What must a buyer do to assume a loan?
- Why are all loans not assumable?