Property Ownership
A Virginia buyer purchases a home subject to an existing deed of trust. 'Subject to' means the buyer:
APersonally assumes liability for the mortgage debt
BTakes title without personal liability for the mortgage; the seller remains liable✓ Correct
CPays off the existing mortgage at closing
DRefinances the existing mortgage immediately
Explanation
Taking title 'subject to' an existing mortgage means the buyer takes the property with the lien but does not assume personal liability for the debt. The seller (original borrower) remains personally liable on the loan.
Related Virginia Property Ownership Questions
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