Judicial Sale Of Residential RE......
I will get right to the question- we are newbies, been educating ourselves by reading books. We feel we're ready to jump in and get going, however, this is an area we haven't read much about. If you can give some good sound advice on what we should do before getting serious about this sale on 1-15-04, please do! Thanks 
Oh, one more question....can they sell the property at the auction with any existing liens or will the property have a clean title??? Thanks
All depends on who is selling. If the first lien holder is selling then any inferior liens will be wiped out that were taken out by the property owner. Taxes still remain and any judgements and involuntary liens. If mechanic or 2nd lien holder is foreclosing then the 1st lien will be in place. Be sure what you are bidding om. You will need cash or cashiers check as they do not take American Express
Good LUCK and HAPPY HOLIDAYS
Hope this helps some
Ted Jr
If it is a first that is foreclosing all subordinate debt, liens, judgments, ect.. will be forever foreclosed from any right, claim, title or interest in the subject prperty at the sale, IF....they are properly joined and served as party defendants in the suit, other wise you may learn a new meaning for the term subject to. <IMG SRC="images/forum/smilies/icon_cool.gif"> [ Edited by rickomarsh on Date 12/23/2003 ]
On second thought...never mind! I think we'll bypass this part of investing until we become much, much, more knowledgeable! Thanks for enlightening us on the details!