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Updated almost 9 years ago on . Most recent reply

Yechiel Abekassis's profile image
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Yechiel Abekassis
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  • from North Woodmere, New York
  • Member since Dec 27, 2014
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Yechiel Abekassis's profile image
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Yechiel Abekassis
  • Investor
  • from North Woodmere, New York
  • Member since Dec 27, 2014
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Yechiel Abekassis
  • Investor
  • North Woodmere, NY
7
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97
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Foreclosures

Mortgage satisfaction and Assignment

Yechiel Abekassis
  • Investor
  • North Woodmere, NY
Posted

Hi BP,

I Bought an Apartment in an Auction in Broward county FL.

Three month later the mortgage foreclosing is being assigned and the second is satisfied.

Is it normal ?

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Chad U.'s profile image
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Chad U.
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  • from Boca Raton, FL
  • Member since Sep 20, 2012
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Chad U.'s profile image
Chad U.
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  • from Boca Raton, FL
  • Member since Sep 20, 2012
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Chad U.
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  • Boca Raton, FL
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Chad U.
  • Investor
  • Boca Raton, FL
Replied

This does not sound anything but normal, how can the 1st be assigned if it was foreclosed? It should have been satisfied with the judgement payout, and the 2nd should have been extinguished, not satisfied. Are you sure you bid on the 1st and not the 2nd, or an HOA lien?

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