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Updated over 9 years ago on . Most recent reply

Brandon Snyder's profile image
Brandon Snyder's profile image
Brandon Snyder
  • Real Estate Agent
  • from Torrance, California
  • Member since Nov 21, 2014
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Brandon Snyder's profile image
Brandon Snyder's profile image
Brandon Snyder
  • Real Estate Agent
  • from Torrance, California
  • Member since Nov 21, 2014
Connect
Brandon Snyder
  • Real Estate Agent
  • Torrance, CA
5
Votes |
46
Posts
Buying & Selling Real Estate

Why assume a lien or loan?

Brandon Snyder
  • Real Estate Agent
  • Torrance, CA
Posted

Hey everyone.  I'm continuing with my real estate education, and I have a basic question someone could probably answer.

Sometimes when buying a property, there's an encumbrance on it, a lien.  Why would anyone want to assume a loan that someone else took out against that property?  Could the buyer negotiate a lower price for the property because of that encumberance?

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