Pre-FC With Judgment
This is a no-brainer for all you old-timers; I just haven't encountered it and don't remember the words of wisdom in my $millions$ of real estate education.
I was prepared to cure a default to purchase a home in foreclosure.
Not having time to do a full title search, I just looked at real property public records and found a judgment against the home owner.
What does this mean to me as the purchaser? Is it even conceivable to go ahead with the purchase (to get it done before the FC sale) and pay the judgment amount (really small $$) in order to secure clear/clean title later?
In Texas, sale is TOMORROW!
Thanks in advance for putting up with me. 
Sorry you didn't get a post back before the sale.
However, the date of the judgement is important. The older the date, the more likely the person is to settle for little to nothing. You can get a release of lien on the judgement, or s settlement of pennies on the dollar. Then too, after 7 - 10 years, the lien is obsolete unless they renewed it.
Don't let judgements scare you. I have found several that were satisfied, but the company never filed a satisfaction of the judgment.
Olivetree,
I was doing a loan for a couple who wanted to buy a house. The current owner didn't buy title insurance, the previous owner had a judgement in the amount of $26,500.00. In the end the house could not be sold with a loan. It could be sold for cash. We could not get a title comoany to give free and clear title.
I don't know if this would pertain to your state
Lori
[addsig]