Where a mortgagor sells property that he or she has mortgaged, in the absence of an agreement to the contrary, he or she will remain liable for payment of the mortgage.

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Nataya Schwiebert · Accepted Answer

Final Answer : True, Explanation :  When a mortgagor sells a property that is under mortgage, unless there is an explicit agreement transferring the mortgage liability to the buyer, the original mortgagor remains liable for the mortgage payments. This is because the mortgage is a personal obligation between the original borrower and the lender.

Where a mortgagor sells property that he or she has mortgaged, in the absence of an agreement to the contrary, he or she will remain liable for payment of the mortgage.

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