John Blackburn sold his property to Wilma Snyder for $95,000. Wilma paid $25,000 cash and assumed Blackburn's $70,000 mortgage. Six months after moving in, Wilma defaulted. What is John's liability?

Question

​John Blackburn sold his property to Wilma Snyder for $95,000. Wilma paid $25,000 cash and assumed Blackburn's $70,000 mortgage. Six months after moving in, Wilma defaulted. What is John's liability?

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The Answer of ​John Blackburn sold his property to Wilma Snyder for $95,000. Wilma paid $25,000 cash and assumed Blackburn's $70,000 mortgage. Six months after moving in, Wilma defaulted. What is John's liability?

​John Blackburn Sold His Property to Wilma Snyder for $95,000

John Blackburn Sold His Property to Wilma Snyder for $95,000