Finance (alternative)
In Maryland, 'assumption of a mortgage' means the buyer:
ATakes title subject to the mortgage but without personal liability
BAssumes personal liability for the existing mortgage and must be approved by the lender✓ Correct
CThe seller remains solely responsible
DThe title company assumes the debt
Explanation
Mortgage assumption (with the lender's approval) means the buyer takes over the existing mortgage with personal liability. The buyer must qualify with the lender, who may then release the original borrower.
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