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All Forum Posts by: Jim H.

Jim H. has started 1 posts and replied 2 times.

Buying & Selling Real Estate

Post: Sheriff sales and existing mortgage

Jim H.Posted
  • Tamaqua, PA
  • Posts 2
  • Votes 0

Thank you for your reply.

0 Votes
Buying & Selling Real Estate

Post: Sheriff sales and existing mortgage

Jim H.Posted
  • Tamaqua, PA
  • Posts 2
  • Votes 0

Hello, I am new to the website. I am not an investor yet, just trying to learn the basics and stay out of trouble. I have been watching Auction.com, there are a lot of REO's on that website many with large mortgages unpaid leading to Sheriff sale. Will someone explain what happens to a mortgage after the bank takes possession after a Sheriff sale? If the bank tries to auction the property, does the mortgage generally follow the title/deed or is it cleared after the Sheriff sale? I'm sure this varies by state and county? I am in PA.

0 Votes