Finance
In Maryland, a 'subject-to' transaction means the buyer:
AGets a new mortgage in their own name
BTakes title subject to the existing mortgage without assuming personal liability for it✓ Correct
CThe lender approves the buyer as the new borrower
DThe seller remains on the mortgage as a guarantor
Explanation
In a 'subject-to' transaction, the buyer takes title to the property subject to the existing mortgage but does not assume personal liability. The original borrower remains legally obligated on the note.
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