When a seller sells a property with a special assessment tied to the property, like roads, sewer, schools, or others, this assessment is generally transferred to the new buyer just like property taxes.

Fannie Mae-Sewer Assessment Assumption: Does a sewer assessment have to be paid in full prior to closing or can the buyer assume it? Answer: This covers a large amount of information, and so I am giving you the section from the Fannie Mae selling guide that I believe covers this topic.  I don’t see anywhere […]

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