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Updated almost 4 years ago,

Jorge Medina's profile image
Jorge Medina's profile image
Jorge Medina
  • New to Real Estate
  • from Broward County, FL
  • Member since Nov 19, 2020
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User Stats

12
Posts
2
Votes
Jorge Medina's profile image
Jorge Medina's profile image
Jorge Medina
  • New to Real Estate
  • from Broward County, FL
  • Member since Nov 19, 2020
Connect
Jorge Medina
  • New to Real Estate
  • Broward County, FL
2
Votes |
12
Posts
Buying & Selling Real Estate

FL - Property Auction / Existing Mortgage

Jorge Medina
  • New to Real Estate
  • Broward County, FL
Posted

Grand Rising Everyone! 

I was wondering, if I win a property at auction with an existing mortgage, what happens with that mortgage? 

Am I held responsible? Do I have to negotiate with the bank? (considering I may have some leverage since they weren't going to get paid anyway) 

What options do I have? 

Any and all answers would be highly appreciated. Thanks! 

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