If a Purchaser of Property Assumes an Existing Mortgage Obligation

Multiple Choice

If a purchaser of property assumes an existing mortgage obligation of the vendor mortgagor, and the purchaser defaults on payments to the mortgagee, the mortgagee can:

A) sue the vendor mortgagor
B) sue the purchaser
C) take foreclosure proceedings against the land
D) A and B
E) A, B and C