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Author Question: In a wrap-around mortgage: A)The seller/mortgagor remains personally liable on the original ... (Read 115 times)

mspears3

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on: Jun 24, 2018
In a wrap-around mortgage:
 A)The seller/mortgagor remains personally liable on the original mortgage.
 B)The buyer is also personally liable on the original mortgage.
 C)The seller is discharged from and only the buyer is liable on the original mortgage.
 D)Both a and b

Question 2

To the University of New Mexico for the time that the land is used for an observatory is a:
 A) Fee simple subject to a condition subsequent.
 B) Fee simple determinable.
 C) Estate for years.
 D) Life estate.


karmakat49

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

B


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