Foreclosure Sale

poconos profile photo
If a foreclosure sale is for a 2nd mortgage of $50,000 and there is a first of $100,000 and i am the winning bidder at the sale when does the first have to be paid off. the sale is in NJ

am i buying at the sale subject to the first and can i just keep making the payments and keep it current

or does the first need to be paid off at the sale along with the winning bid

or can i refinace later and pay the first off if they call the loan due

Comments(0)

    Please Sign In to Comment.