Bill Of Sale With Assumption Of Debt

Louisiana Sale with Assumption of Mortgage
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State:
Louisiana
Control #:
LA-687-M
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Description louisiana act of sale and assumption

This is an example of a conveyance of immovable property in which part or all of the consideration is the assumption of an existing debt secured by a mortgage on the property conveyed. The mortgage holder appears in the transaction and may release the seller from the obligation secured by the mortgage.

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