Finance
A 'subject-to' transaction in New Mexico refers to a buyer who:
AGets a new mortgage from a lender
BTakes title 'subject to' the existing mortgage without assuming personal liability for it✓ Correct
CAssumes the existing mortgage with lender approval
DPurchases the property with seller financing only
Explanation
In a 'subject-to' transaction, the buyer takes title to the property but the existing mortgage remains in the seller's name. The buyer makes payments but is not personally liable if they default.
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