What is the name of your state?Georgia
What is the difference between "Assignment of Contract" and "Assumable Mortgage"? I'm trying to sell a property I own and could have already sold it but 3 different people did not qualify. I'm Air Force stationed in the UK and don't have access to a real estate attourney. The clause "ASSIGNMENT: You may assign this Contract to any person or entity. All rights granted to you under the Contract shall apply to any assignee of this Contract" is in my contract. I've searched on the internet and couldn't get a clear overall answer to my question.
What is the difference between "Assignment of Contract" and "Assumable Mortgage"? I'm trying to sell a property I own and could have already sold it but 3 different people did not qualify. I'm Air Force stationed in the UK and don't have access to a real estate attourney. The clause "ASSIGNMENT: You may assign this Contract to any person or entity. All rights granted to you under the Contract shall apply to any assignee of this Contract" is in my contract. I've searched on the internet and couldn't get a clear overall answer to my question.