Contracts
In Tennessee, a 'subject to' clause in a purchase contract means the buyer:
AIs taking the property subject to all existing liens, without assuming them✓ Correct
BIs personally assuming the seller's existing mortgage
CWill close only after obtaining a new mortgage
DIs making an unconditional offer
Explanation
Buying 'subject to' an existing mortgage means the buyer takes title subject to the mortgage but does not personally assume it. The original borrower remains liable.
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