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This video tutorial discusses the growing popularity of the loan assumption process, particularly in the current high-interest rate environment. The speaker emphasizes the importance of asking sellers if their current loans are assumable, as this can lead to better sale prices due to more favorable financing for buyers. Key points to consider before assuming a loan include understanding the timing of the process, which the team estimates takes approximately 45 days from start to finish. The discussion is prompted by a recent loan assumption case in Orange County, highlighting the practicalities and advantages of this approach in the real estate market.
