Escrow & Title
A South Dakota property is sold subject to an existing mortgage. This means the buyer:
AAssumes personal liability for the mortgage
BTakes title with the mortgage intact but without assuming personal liability for it✓ Correct
CMust pay off the seller's mortgage at closing
DCan remove the mortgage from the title record
Explanation
Taking title 'subject to' a mortgage means the buyer takes the property with the existing lien but does not assume personal liability for the debt. The seller remains personally liable on the note.
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