Investor · Elyria, OH · Member since 2017 · 2 posts · 0 votes
My local Sheriff sale is offering a property within my budget for the total amount of unpaid taxes for the property. I did a records search on the home and found that the owners were issued a mortgage for the property.
My question is what are the red flags to look for? If i pay for this property at the sheriff sale is it mine or will it be co-owned by the mortgage company?
Allentown, PA · Member since 2014 · 264 posts · 120 votes
9y
I think that if you buy it from the sheriff, the mortgage would still be due, and you would have to pay it, however some sheriff auctions are different, it depends on WHY the sheriff is auctioning it (unpaid tax or unpaid mortgage) Give them a call, you will be amazed how helpful a county employee can be if you are polite to them.