The seller is free from liability if the buyer assumes the mortgage
Machine translationRead the Arabic original
The questioner:
A questioner says: It is well known that the state grants citizens real estate loans to build homes, and these homes are mortgaged. If the owner of the home sells the residence, the buyer assumes the real estate loan. Is the seller’s liability for this loan thereby discharged?
The Shaykh:
Yes, if, for example, the competent authority transfers the home from the liability of its owner to the liability of another, the first person’s liability is discharged. Yes.
The presenter:
May Allah reward you, Honorable Shaykh. This questioner says:
The Shaykh:
That is, if the fund transfers the price of this home to another person, the first person is discharged. Yes.
The presenter:
May Allah reward you, Honorable Shaykh,
A questioner says: It is well known that the state grants citizens real estate loans to build homes, and these homes are mortgaged. If the owner of the home sells the residence, the buyer assumes the real estate loan. Is the seller’s liability for this loan thereby discharged?
The Shaykh:
Yes, if, for example, the competent authority transfers the home from the liability of its owner to the liability of another, the first person’s liability is discharged. Yes.
The presenter:
May Allah reward you, Honorable Shaykh. This questioner says:
The Shaykh:
That is, if the fund transfers the price of this home to another person, the first person is discharged. Yes.
The presenter:
May Allah reward you, Honorable Shaykh,
Source
المنتقى من أخبار سيد المرسلين 17-01-1439هـ — alfawzan.live (40:19)
The Arabic text is a machine transcription of the audio recording.