Existing Mortgage

[Canuck709]

I am considering making a bid at a public auction for a tax sale property, but I continue to hear conflicting stories about what happens to an existing mortage at the time of sale. Does anyone have any insight into this?

[Rob]

From my understanding, all creditors listed received three notices.  They can respond and  make a claim to the city. Then they can secure a portion of the final price of the home which sometimes creates an extremely high reserve price.