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单词 transfer of mortgage
释义

transfer of mortgage

Definition
A transaction where an existing mortgage is transferred from the current holder to another person or entity. For example, if a homeowner is at risk of foreclosure, or otherwise wishes to sell their property, it is possible to agree with a lender to assign the mortgage to a new owner, who will then be liable for payments.
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更新时间:2025/4/17 11:42:46