It is up to the lender whether the mortgage can be assumed. If the lender approves the assumption it will draft documents that will free the original mortgagor from the obligation of the mortgage and the person assuming the mortgage will need to sign to assume the debt and obligations under the mortgage.
The original mortgagor can't get out from under a mortgage obligation by simply selling a property that's subject to a mortgage.
It is up to the lender whether the mortgage can be assumed. If the lender approves the assumption it will draft documents that will free the original mortgagor from the obligation of the mortgage and the person assuming the mortgage will need to sign to assume the debt and obligations under the mortgage.
The original mortgagor can't get out from under a mortgage obligation by simply selling a property that's subject to a mortgage.
It is up to the lender whether the mortgage can be assumed. If the lender approves the assumption it will draft documents that will free the original mortgagor from the obligation of the mortgage and the person assuming the mortgage will need to sign to assume the debt and obligations under the mortgage.
The original mortgagor can't get out from under a mortgage obligation by simply selling a property that's subject to a mortgage.
It is up to the lender whether the mortgage can be assumed. If the lender approves the assumption it will draft documents that will free the original mortgagor from the obligation of the mortgage and the person assuming the mortgage will need to sign to assume the debt and obligations under the mortgage.
The original mortgagor can't get out from under a mortgage obligation by simply selling a property that's subject to a mortgage.