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Updated almost 11 years ago,

User Stats

80
Posts
3
Votes
Amir Saeed
  • Investor
  • Bethesda, MD
3
Votes |
80
Posts

Buying from Foreclosure Auction

Amir Saeed
  • Investor
  • Bethesda, MD
Posted

I have attended few foreclosure auctions where a bank is foreclosing the property. Basically the person is biding against others and the bank.

Question I have is that if there is a lien against the property (specifically mortgage) I have been told that all of them will be wiped out in the Auction since the bank has to provide a clean title. Is this true. Pls assist.

Thanks

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