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Updated 4 months ago, 08/25/2024

User Stats

156
Posts
119
Votes
Scott Esmail
  • Investor
  • Orlando, Fl
119
Votes |
156
Posts

Want to buy a foreclosure Auction property that has solar panels

Scott Esmail
  • Investor
  • Orlando, Fl
Posted

I am wanting to buy a property in a online auction with the clerk of courts in my area. The foreclosure is for the mortgage not paid, the property current owner who is being foreclosed on also purchased solar panels in 2022 and financed them according to my searches. From my understanding the debt will be not wiped out with this auction.

So my question is if I buy this property does the debt belong to current owner and they will just come take back the panels. Or will there be a lien placed on the property and the only way that the lien will be removed is if I pay off the solar panels once I own it. 

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