Hi, there's a property I'm looking to bid on but it has a HERO loan by the previous owner. Seller says the lien will be paid off at COE. I understand property will be delivered to me without affiliation with any HERO loan. However, when talking with my lender, he says I'll still have to pay the extra amount from the HERO loan until the county updates its records to reflect loan has been paid off.
My question is, is this accurate? How long does the county take to update its records to reflect the normal property tax amount?
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source https://www.reddit.com/r/RealEstate/comments/npjk8e/buying_a_home_with_hero_loan_attached/
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