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Originally Posted by shane_c
With an assumable mortgage do we specify we would like X amount of dollars and then you can assume our mortgage?
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When I bought my house I assumed the mortgage. The seller listed it for the regular price, and then listed how much would be required to assume the mortgage. Then when I negotiated him down the cash to assume went down as well.
Didn't you just buy your place? Is the paint on the walls even dry yet?