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When a property is sold subject to mortgage, how does it affect the original borrower of that mortgage? The original borrower is released from liability.

When a property is sold "subject to mortgage," how does it affect the original borrower of that mortgage?

The original borrower is released from liability.

The existing loan is paid off with title transfer.

The original buyer is still liable because no new note was signed.

The assumption has no effect on the original owners.

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