Liability of mortgagor when another assumes the mortgage

[copperpenny22]

What is the name of your state (only U.S. law)? Florida
More than 25 years ago, I sold a Florida condo, with the new owner assuming my mortgage. Am I liable for this debt if the new owner(s) has defaulted on the mortgage payments? If the amortization plan of my loan was 25 years or less, am I still liable for his debt, which should have been paid in full? Can the new owner sell the condo again, with the subsequent owner assuming my mortgage?

 

[FlyingRon]

If you mean you had an approved assumption with the bank, you should not be liable.
If it just means you let the new owner pay subject to your existing mortgage, you are 100% liable if it doesn't get paid.
Selling a property with an existing mortgage requires the buyer to accept being subject to that mortgage. Most won't.