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What happens when a waranty deed is executed on a property but there is still a note for the mortgage?
Ajturne
The property is subject to the mortgage and the buyer has notice of it. A conveyance will likely trigger a demand from the lender that the note be paid in full. If the mortgage isn't paid the bank will foreclose. You should seek the advice of an attorney.
Wiki User
∙ 15y ago
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