In a loan assumption, the seller wants to be released from any future liability on the assumed loan. To accomplish this, a release of liability would be signed by:
A. The new buyer assuming the loan?
B. The seller who took out the loan.
C. The lender who made the loan.
D. Both the buyer and seller.
Answer: C. The lender who made the loan.
Business
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A) the reasonable expenses of removing debris after an insured loss. B) fire department service charges for which the insured is liable by contract or agreement. C) damage to trees and shrubs caused by a windstorm. D) losses incurred from the unauthorized use of a stolen credit card.
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A mission statement, is an enduring statement of purpose that distinguishes one organization from other similar enterprises
Indicate whether the statement is true or false
Business