1st position mortgage who is responsible for any other debt

[Anthony Mellone jr]

Hello All! I am Trying to learn how to buy a property through the auctions and I am wondering how it all works first before I assume and make a mistake. I was looking at a property to practice and I noticed the home owner had an original loan in 1997 for 59k then took out two loans at the same time, one for 128k and another for 17k. I am assuming one was a personal loan for a down payment on the home mortgage loan however once a person buys a property and pays off the debt on the 1st position loan, who is responsible for any other debt? (home equity, taxes ect) what is the legal obligation of the purchaser ?