I was reading a few other posts about preforeclosure...so in dealing with the owner of the house, if I would buy it, I would also be responsible for any liens/loans, etc. that are on the house...is this correct?
Quote:
On 2005-12-26 23:04, Mandygirl00013 wrote:
I was reading a few other posts about preforeclosure...so in dealing with the owner of the house, if I would buy it, I would also be responsible for any liens/loans, etc. that are on the house...is this correct?
From my understanding, you would be obligated to satisfy any existing liens against the property upon purchase.
IL, st clair county
I was reading a few other posts about preforeclosure...so in dealing with the owner of the house, if I would buy it, I would also be responsible for any liens/loans, etc. that are on the house...is this correct?
Quote:
On 2005-12-26 23:04, Mandygirl00013 wrote:
I was reading a few other posts about preforeclosure...so in dealing with the owner of the house, if I would buy it, I would also be responsible for any liens/loans, etc. that are on the house...is this correct?
From my understanding, you would be obligated to satisfy any existing liens against the property upon purchase.
Thanks,
Nate
[addsig]
Which do you think would be a) cheaper and b) easier to acquire: HUD homes or foreclosed homes?
Mandy-
There is a short article on the front page on pre-foreclosures, here is the direct link:
http://www.thecreativeinvestor.com/residential/Article1080-Buying_PreForeclosures.html