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Updated over 8 years ago on . Most recent reply

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Grant Wieczorek
  • New York, NY
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Buying a property for cash vs assuming a loan

Grant Wieczorek
  • New York, NY
Posted

I have come across a few properties where one would assume a loan as opposed to buying the property outright for cash and putting new debt on it.  My attorney said this is a much easier process.  Are there significant differences?  You still would have a due diligence period and have an inspection I would assume?  Are there additional considerations with loan assumptions or is it as clean cut as it appears?

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