Property Ownership
In Maine, when a property is conveyed 'subject to' an existing mortgage, who remains personally liable for the debt?
AThe new buyer (grantee) who takes subject to the mortgage
BThe original mortgagor (seller/grantor)✓ Correct
CThe real estate agent
DThe title insurance company
Explanation
When a property is conveyed 'subject to' an existing mortgage, the original borrower (grantor/seller) remains personally liable for the debt. The new owner takes the property encumbered by the mortgage but does not personally assume the debt.
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