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Updated about 8 years ago on .

User Stats

42
Posts
28
Votes
Evan Bonnell
  • Investor
  • La Salle, IL
28
Votes |
42
Posts

Foreclosure auction property - Bid or walk???

Evan Bonnell
  • Investor
  • La Salle, IL
Posted

Hello,

I'm interested in purchasing a property at a courthouse auction. I'm very familiar with the town and neighborhood the property is in, and have determined that it could probably sell for $130-140K in as is condition. I've set my max bid at $80K.

I'd like to verify that the property is clear of any liens (other than the first mortgage). I ordered a written title search and this is what I received. Can someone please tell me if there is anything I need to be concerned with in terms of liens or encumbrances on the property? Thanks!