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babyhands babyhands
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6 years ago
John Blackburn sold his property to Wilma Snyder for 95,000. Wilma paid 25,000 cash and assumed Blackburn's 70,000 mortgage. Six months after moving in, Wilma defaulted. What is John's liability?
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wrote...
6 years ago
John remains liable. Mortgagee can choose to foreclose on the property.
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