What is aNote Assumption Signing?
Lender would be best to explain in detail but according to my understanding is that it is in which another person or entity is taking over the obligation of the loan/mortgage and obviously the property. I think you’ll see that with VA loan with approval of course. Transferring the mortgage from one person to another.
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I agree with @VIPnotaryCO. I look at it as the opposite of a Quit Claim (dropping someone from a deed/note). Usually a Quit Claim would be to drop the original responsible party, and a Note Assumption to add (transfer) to the new responsible party. State specific of course!