Agnes sold her property to Bellah. Bellah assumed the $190,000 mortgage Agnes had with First Fifth Bank. Bellah sold the property to Charles who took the property subject to the First Fifth Bank mortgage. Bellah has defaulted on the First Fifth Bank mortgage. Describe what First Fifth Bank can do and against whom (assume no anti-deficiency statute).

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The Answer of  Agnes sold her property to Bellah. Bellah assumed the $190,000 mortgage Agnes had with First Fifth Bank. Bellah sold the property to Charles who took the property subject to the First Fifth Bank mortgage. Bellah has defaulted on the First Fifth Bank mortgage. Describe what First Fifth Bank can do and against whom (assume no anti-deficiency statute).

Agnes Sold Her Property to Bellah