WebThe federal Garn-St.-Germain Act enacted in 1982, however, prevents a lender from foreclosing a primary residence merely because property is transferred through death or divorce. WebFeb 11, 2014 · 1 attorney answer. Posted on Feb 11, 2014. Generally, assuming a contract from someone simply means you step into that person's shoes. You should make sure the lender's administrative records are updated accordingly, so you do not miss a payment or other contractual matter. WIth regard to the remainder of your questions, the specific …
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