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All Forum Posts by: Alberto Ibet

Alberto Ibet has started 1 posts and replied 2 times.

Buying & Selling Real Estate

Post: Mortgage Lien

Alberto IbetPosted
  • Hollywood, FL
  • Posts 2
  • Votes 0

Thank you for the reply but I don't think that you understood the question.   There is a pending lawsuit from the mortgage company that holds the first mortgage against the property, Lis Pendes.

0 Votes
Buying & Selling Real Estate

Post: Mortgage Lien

Alberto IbetPosted
  • Hollywood, FL
  • Posts 2
  • Votes 0

This is my first post so I apologize in advance for not knowing the lingo..... I am searching foreclosed properties and located one that is being foreclosed by an HOA and the final judgement is $8000. I visited the property and it seems to be in good shape. After some research I feel the property is worth about $120 K. After some more research I learned that the mortgage company is suing and there isn't a final judgement yet. I know that the 1st mortgage survives the lien and if I were to win the HOA auction but my question is how can I find out how much is owed on the mortgage? Will the mortgage company work with me?

Thank you in advance for your advice.

0 Votes