New tax deed investor in CA, investing in FL w/questions re: MTG

[Tanya Allen]

Hello,

I am a newbie who is investing in tax deed sales in Florida.  I am learning that lots of the properties going up for auction have a mortgage on the property.  If I am the successful bidder on a property do I take on the mortgage?  Also, one of the properties that I a interested in purchasing has a mortgage with Household Finance Corporation, who has since went out of business and HSBC has taken over the loan.  Would I be responsible for that loan should I be the successful bidder on that property??  Please help. this is all new to me and I don't want to end up stuck in a horrible situation.  Thanks!