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What does 'subject to mortgage' involve?

  1. Complete transfer of responsibility to the buyer

  2. Partial transfer of property title

  3. A transfer with the original owner still responsible

  4. Refinancing the original mortgage

The correct answer is: A transfer with the original owner still responsible

This is because when a property is 'subject to mortgage', it means that the original owner of the property is still responsible for the mortgage, even though the property has been transferred to the buyer. Option A is incorrect because the buyer does not fully take on the responsibility of the mortgage. Option B is incorrect because 'subject to mortgage' does not involve a partial transfer of property title. Option D is incorrect because refinancing a mortgage involves obtaining a new loan, while 'subject to mortgage' does not involve obtaining a new loan.