A purchaser of a house who buys the property "subject to" the mortgage is not personally liable for the mortgage, nor is he a surety for the mortgage obligation.

Question

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When a property is purchased "subject to" an existing mortgage, the buyer is not personally liable for the mortgage debt; the original borrower remains responsible. The buyer takes over payments but does not assume the mortgage obligation.

A Purchaser of a House Who Buys the Property "Subject