Alabama Real Estate Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

In an assumption of a mortgage, the property owner transfers the responsibility of the mortgage to another person. Option A is incorrect because the original lender does not assume responsibility, instead it is transferred to a new person. Option C is not relevant to an assumption of a mortgage, as it does not affect the ownership or responsibility of the loan. Option D is incorrect because the value of the mortgage does not change in an assumption, it is simply transferred to a new borrower. Therefore, the correct answer is B, where someone else assumes the loan with no liability from the original owner. This can occur when selling a property with an existing mortgage, in which the new buyer takes over the payments and becomes responsible for the loan.