Question: In a wrap - around mortgage: Question 2 2 options: 1 ) The seller / mortgagor remains personally liable on the original mortgage. 2 )
In a wraparound mortgage:
Question options:
The sellermortgagor remains personally liable on the original mortgage.
The buyer is also personally liable on the original mortgage.
The seller is discharged from and only the buyer is liable on the original mortgage.
The buyer cannot be foreclosed upon.
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