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?

What is the difference between buying property
and assuming an existing mortgage or buying the
property subject to an existing mortgage?

There is no difference.The seller is still liable to the lender under
the subject to situation.The seller is still liable to the lender under
the assumed mortgage situation.The buyer is liable to the seller under the
subject to situation.

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

B.
â€Subject toâ€ does not relieve the seller of liability for the mortgage debt in the event that the buyer defaults.

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