225ec8c8_operty_3_Flashcards___Cram_com__rding_system__Brightline_rules
if buyer assumed the mortgage: owner and buyer personally liable. Buyery primarily owner secondarily. If Buyer takes subject to the mortgage: only onwer is perosnally liable, but if reocreded, the mortgage reamins on the land thus, if owner does not pay the mortgage may be foreclsosed.
Mortgage who is personally liable if debtor-mortgagor sells property?
Real Property 3 Flashcards - Cram.com