The deed of trust securing seller financing is always assumable by a future buyer without approval:

Study for the Texas Promulgated Contracts Exam. Gain understanding with detailed explanations and various question formats. Prepare effectively and ace your test!

In the context of seller financing secured by a deed of trust, it is important to understand the nature of such financial arrangements. Typically, a deed of trust includes specific terms that govern whether or not the loan can be assumed by a future buyer. In many cases, these agreements contain a due-on-sale clause, which stipulates that the full balance of the loan is due if the property is sold, preventing the buyer from just taking over the existing financing without the lender's approval.

This means that in most seller financing scenarios, a future buyer would not have the right to assume the debt secured by the deed of trust without the lender's consent. The lender retains the prerogative to evaluate any potential buyer's creditworthiness or financial standing before allowing the assumption of the loan. Therefore, stating that a deed of trust securing seller financing is always assumable without approval is misleading, as the specific circumstances and stipulations of the deed of trust are crucial in determining the ability to assume the financing.

This is why the correct answer is that the statement is false.

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