Foreclosure Auction Liens

What liens could potentially survive the foreclosure sale. Is it only government liens/judgements? I am assuming that the first position mortgage is foreclosing.

Comments(5)

  • compwhiz10th February, 2004

    For all intents and purposes - none, except for real estate taxes. That's the whole point of foreclosure - to rid the property of the liens so that it can have a brand new spanking life.

  • kmaples10th February, 2004

    It is my understanding that all liens would be wiped out, the lien foreclosing would receive the funds as payment from the auction. At that point only property taxes would still be attached to that property.

  • kepetty10th February, 2004

    I thought that homeowner association fees remained attached to the property also? Is this correct, or are they discharged also?

  • jcarey7710th February, 2004

    Compwhiz,

    Does this mean that even IRS liens don't survive?

  • jllaco11th February, 2004

    nothing kills the IRS! <IMG SRC="images/forum/smilies/icon_eek.gif"> except possibly time..[ Edited by jllaco on Date 02/11/2004 ]

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