County Foreclosure property sale

[Benjamin J Suarez]

Hello to all on Bigger Pockets. I’ve spotted a property I’m interested in. It’s up for bid in my area on the county’s website. It is a construction lien/sale. I wanted to know if the construction lien price is the final sale price and not subject to original loan set by say, Wells Fargo?? In other words, I understand I will become responsible for any outstanding debt(s) or payments due, such as association dues/debt liens/city violations etc; but is the original home loan also something I will become responsible for? Or is that satisfied at the sale of the lien? The property is located in Florida (In case that makes a difference) and does reside in an association area/neighborhood. It seems to be currently occupied. Any information, ideas or research recommendation for this and future properties will help out immensely. Hope this post finds you all well. Ben

[Wayne Brooks]

First, sit down with a local real estate attorney....for a couple hundred bucks you will learn a ton you don’t know.

For your specific question....any mtg in place prior to the mechanics lien being filed most certainly remains attached to the property. Just like a first survives foreclosure by a second.