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Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322 Exercise 20
When a buyer of a property with an existing mortgage loan acquires the property without signing the note for the existing loan, the buyer is acquiring the property:
A) By assumption.
B) By contract for deed.
C) By deed of trust.
D) By default.
E) Subject to the mortgage.
A) By assumption.
B) By contract for deed.
C) By deed of trust.
D) By default.
E) Subject to the mortgage.
Explanation
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E. Subject...
Real Estate Principles 3rd Edition by David Ling,Wayne Archer
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