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Baltimore Property Law Attorney & Title Service: Understanding Loan Assumption

Property Deed“The concept of a loan assumption is quite simple. A buyer of real property assumes the existing financing of the seller/borrower by stepping into the shoes of the existing borrower on substantially the same terms. Prior to considering a loan assumption, however, buyers should understand the advantages and disadvantages, and what they can expect to encounter during the process.” To read the rest of this informative article, please click here.

To discuss these and other property law matters, or to have a Maryland attorney properly draft and file your deed and update/transfer your property title, contact Maryland real estate attorney Stephen J. Reichert at 410-299-4959, or by clicking here.

Consultations are free and confidential. Day, evening and weekend appointments are available in office or at your residence. Mr. Reichert personally serves clients throughout the state of Maryland.