the mortagage stays with the property unless they file for surplus money after auction.
If not they can forclosure property after you bought it. You won't have record on your credit report but they have rights to the property
Answered
Mortgage debt in a HOA foreclosure property
When the plaintiff of the property is an HOA,and there is an unpaid mortgage that is not included in the final Judgement, who is responsible to pay off this mortgage?
2K Views
1
Answer
one year ago
12 months ago
Similar posts
You Asked & We ALL Answered!
Most Popular Questions
- Tax Deed vs Foreclosure Implications?
- Mortgage Reporting on Title Search?
- Estimating the loan balance on a Reverse mortgage?
- Pre-Foreclosure Info...?
- PAPA Ownership Update After Auction Win?
Most Recent Questions
- high and low seasons?
- I’m looking at a first mortgage foreclosure with a HUD 2nd mortgage. HUD was initially listed as a defendant but not listed on the Final Judgment. Does the HUD 2nd mortgage survive??
- Why would a lender bid over their judgment amount??
- What Happens When a Property Sells for Less Than the Final Judgment Amount??
- What is the point behind the last-second bidding in auctions to extend the bidding?
Can you answer these questions?
- OFF MARKET PROPERTIES DIRECT WITH OWNERS !!!?
- PropertyOnion to incorporate working with probates??
- Looking for creative buyers, seller finance in Marion County, FL?
-
29121 days ago
-
1743 months ago
-
100one year ago
-
51one year ago
-
50one year ago
-
30one year ago
-
27one year ago
-
26one year ago
-
23one year ago
-
20one year ago