Escrow & Title
A buyer in Nebraska who purchases property 'subject to' an existing mortgage is:
APersonally liable for the mortgage debt
BNot personally liable — the original borrower remains liable, but the property secures the debt✓ Correct
CRequired to qualify with the lender
DExempt from all property taxes
Explanation
A buyer who purchases 'subject to' an existing mortgage takes the property subject to the lien but does not assume personal liability. The original borrower remains personally liable for the debt.
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