Last reviewed 08-20-2026Short-Sale.com Editorialglossary
ASSUMPTION OF MORTGAGE
California Department of Real Estate
Updated 08-20-2026
ASSUMPTION OF MORTGAGE
The taking of a title to property by a grantee wherein grantee assumes liability for payment of an existing note secured by a mortgage or deed of trust against the property, becoming a co-guarantor for the payment of a mortgage or deed of trust note.
California Department of Real Estate Glossary
California Department of Real Estate · p. 4
Need help?
Ask more questions about ASSUMPTION OF MORTGAGE in Help. You'll get answers for your situation.
People also ask