When a buyer refinances his/her purchase of property, the seller is still liable to the mortgagee.

Name: When a buyer refinances his/her purchase of property, the seller is still liable to the mortgagee.
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When a buyer refinances their purchase of property, they typically obtain a new loan to pay off the existing mortgage. This process releases the original seller from any liability to the mortgagee related to the buyer's financing.

When a Buyer Refinances His/her Purchase of Property, the Seller