Posted on January 26, 2011.
Kary Civitello says...
Good Heavens!Ignore that first response. The mortgage does NOT go away.It follows the property, even if it's sold through a delinquent tax sale.In those areas in which it may NOT, you can be assured that the lender will be present to bid the purchase price of the property up to at least what the lender is owed.They're not going to let a $100K mortgage vaporize over a few thousand dollars.
Posted on February 4, 2011