Buyer of Commercial Mortgage Note
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Assumption of mortgage - Assumption of mortgage is the purchase of mortgaged property whereby the buyer accepts liability for the debt that continues to exist. The seller remains liable to the mortgage lender (whether the lender is a commercial bank, thrift, credit union, mortgage banker or mortgage broker) unless the lender agrees to release him.
Commercial mortgage-backed security - Commercial mortgage-backed securities (CMBS) are a type of bond commonly issued in American security markets. They are a type of Mortgage-backed security, but are backed by mortgages on commercial rather than residential real estate.
Commercial mortgage - A commercial mortgage is a loan made using real estate as collateral to secure repayment.
Simultaneous closing - Simultaneous Closing is a Real Estate seller financing technique, whereby the private mortgage note created by the seller is simultaneously sold to a note buyer on closing.
buyerofcommercialmortgagenote
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