Auctions
When anyone buys a property at a sherrif sale or auction don'y they get a clear title?? Please clarify.
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When anyone buys a property at a sherrif sale or auction don'y they get a clear title?? Please clarify.
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I would really appreciate an answer here. I know someone has it.
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Hello,
Here in California when a person buys a property at an auction they take title subject to any liens on title which were superior in priority to the foreclosed www.lien.Example if a second trust deed is foreclosed, the successful bidder takes title to the property subject to the senior first trust deed. However there are some cases where the successful bidders do take title only subject to property taxes or maybe home owner association dues.[ Edited by Darryle-CA on Date 09/14/2004 ]
Thanks for all the help folks, I can see the light now !!
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Go to http://www.thecreativeinvestor.com/LenderFinder-index.html
For TCI's lender data base.
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