Updated over 4 years ago on .

FL - Property Auction / Existing Mortgage
Grand Rising Everyone!
I was wondering, if I win a property at auction with an existing mortgage, what happens with that mortgage?
Am I held responsible? Do I have to negotiate with the bank? (considering I may have some leverage since they weren't going to get paid anyway)
What options do I have?
Any and all answers would be highly appreciated. Thanks!