Property Ownership
A South Carolina buyer purchases a property 'subject to' the existing mortgage. This means:
AThe buyer assumes personal liability for the mortgage
BThe buyer takes title and makes payments but the seller remains personally liable✓ Correct
CThe mortgage is paid off at closing
DThe buyer gets a new mortgage to replace the seller's
Explanation
Taking title 'subject to' an existing mortgage means the buyer acknowledges the mortgage but does not assume personal liability. The seller remains on the hook for the debt if the buyer stops paying.
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