Updated over 8 years ago on . Most recent reply

Buying a property for cash vs assuming a loan
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?