If a buyer takes title to a residential property "subject to" the existing loan and does not obtain the lender's consent, which of the following best expresses the potential consequences:
A: The seller may incur personal liability for the amount of the loan or any deficiency suffered by the lender to the extent permitted by law;
B: The lender may accelerate the loan;
C: The buyer may lose the property to foreclosure if unable to obtain new financing;
D: All of the above.
Answer: D: All of the above.
Business
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