Updated almost 7 years ago on . Most recent reply
Foreclosure and Partial Claim Mortgage
We have been looking at a property for the last few weeks and just found the title report. The auction is ending today. It shows a $175,000 mortgage and then a HUD partial claim mortgage for $49,000. If I purchase the home, does the partial claim mortgage go away? Or is that something I would be responsible for? This would be my first property so I am nervous!