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Old 10-08-2006, 11:27 AM   #1
I_H8_Crawford
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Join Date: Apr 2004
Location: Calgary
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Default Assumable Mortgages in Calgary

Was having a discussion with my g/f who is looking at buying a place, and we have noticed that there are some assumable mortgages around Calgary.

My question to the learned CP posters is why? Why would someone choose to just pass their mortgage on to someone else when they can probably still sell their place for at the very worst break even?

Just curious to see what the method is behind this, thanks!
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