Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago,
multiple liens on a property
hello all
new member here
i have one procedural doubt i would need solved
i did put my eyes on a property that's about to be auctioned with a starting price around 25k
reason of the auction is non paid maintenance fees
the house itself does indeed have another active lien cause of a classic mortgage
the question is: say i win this property, i do indeed clean the maintenance liens that caused the sale
what about the mortgage lien? does it fade and stays hanging on the previous owner or is it transferred with the ownership?
bottom line is after i pay what's due that caused the auction am i still liable for the mortgage or not?
state of florida if it helps
thanks a million!