The buyers in a subject to “transaction” do not formally assume the loan, but they are given the deed in return for making payments. In other words, they take control of the home without assuming the mortgage. Payments are, therefore, made to the seller so that they may pay the ...
For this reason, in this paper, we assume that the model parameter values are given as shown in Table 1 for the purpose of the illustration of the proposed modeling results. Researchers can apply the proposed model to obtain the results for their specific application’s set of parameter ...