Why Title Search Before Auction

rayh78 profile photo

Why a title search before buying at auction. If the first foreclose then the 2 nd gets wiped out but not all liens?
Is it correct that the 2 nd note holder has less protection than others?
If owners have a judgement against them for a medical bill ,mechanics lien or water bill this lein is not wiped out with foreclosure and this is one of the reasons why you need a title search before bidding at auction?
Thanks

Comments(3)

  • jorge1214th September, 2003

    a title search is absolutely critcal to discover what, if any, other encumbrances are on the property that is the subject of the foreclosure suit. A title search is like your Amex card: never leave home without it.

  • jorge1214th September, 2003

    a title search is absolutely critcal to discover what, if any, other encumbrances are on the property that is the subject of the foreclosure suit. A title search is like your Amex card: never leave home without it.

  • jorge1214th September, 2003

    a title search is absolutely critcal to discover what, if any, other encumbrances are on the property that is the subject of the foreclosure suit. A title search is like your Amex card: never leave home without it.

Add Comment

Login To Comment