Agnes sold her property to Bellah. Bellah assumed the 190,000 ...

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Agnes sold her property to Bellah. Bellah assumed the 190,000 mortgage Agnes had with First Fifth Bank. Bellah sold the property to Charles who took the property subject to the First Fifth Bank mortgage. Bellah has defaulted on the First Fifth Bank mortgage. Describe what First Fifth Bank can do and against whom (assume no anti-deficiency statute).

Question 2

A column lot is the space between the earth's surface and an imaginary plane 23' above the surface.
  Indicate whether the statement is true or false

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Answer to Question 1

First Fifth Bank can foreclose on the property. Agnes and Bellah are both personally liable for any deficiency when the property is sold in foreclosure. Charles has no personal liability.

Answer to Question 2

TRUE