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The Investor’s Guide to a Single-Family Rental Emergency Fund
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Trecia S.'s profile image
Trecia S.'s profile image
Trecia S.
  • Homeowner
  • from Saint Petersburg, Florida
  • Member since Apr 19, 2015
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Trecia S.'s profile image
Trecia S.'s profile image
Trecia S.
  • Homeowner
  • from Saint Petersburg, Florida
  • Member since Apr 19, 2015
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Trecia S.
  • Homeowner
  • Saint Petersburg, FL
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Mortgage Brokers & Lenders

Credit line of equity mortgage

Trecia S.
  • Homeowner
  • Saint Petersburg, FL
Posted Jun 25 2015, 10:00

I am looking into buying a property via tax deed sale. The owner is recently deceased. The initial mortgage on the house has been satisfied but there is an home equity line of credit mortgage for $50,000 that is not satisfied. Due to the owner being deceased, does this mortgage get wiped out when sold via tax deed sale? I live in Florida. 

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