Quote:
Originally Posted by zaimer
Many loans are non-transferable; the purchaser would not be assuming your loan, he/she would be taking out a new loan to satisfy yours. It is no different than a typical sale where the buyer uses a bank of choice (your bank is not necessary in this instance either). Sales tax would be applicable, as there would be a “sale”.
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Interesting, very informative
Well I hope someone is able to pick up this sweet deal nonetheless.