When a Purchaser Takes a Property "Subject To" an Existing

question 14

True/False

When a purchaser takes a property "subject to" an existing mortgage,the purchaser becomes personally liable for repaying the debt.

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Definitions:

Trading Portfolio

A collection of financial assets such as stocks, bonds, commodities, currencies, and derivatives held by an investor, primarily for the purpose of short-term speculation.

Stock Transactions

Activities involving the buying, selling, or issuing of shares of stocks in a company, either through exchanges or over-the-counter markets.

Stock Investments

A financial asset purchased in a corporation with the expectation of earning a return through dividends, stock price appreciation, or both.

Equity Interest

Ownership interest in a company, typically represented by stocks, indicating the holder's stake in the company's assets and earnings.