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Updated over 4 years ago,
How to avoid buying a second deed of trust at an auction?
I was wondering if anyone had any experience at buying at auction more specifically in California, but any state will do. How would you know if you were bidding on a second deed of trust at an auction? I have heard of this happening to investors even after they have a title company check title, someone makes a mistake and they get screwed bidding on the second and not the first. How true is this? Have your heard of this happening to people? Also is there a way to get title insurance when purchasing at an auction? Is there anyway to protect your self besides having or title company follow the chain of title or making sure the title is good somehow? Would love to hear your story about buying at auction along with any other advice you have about the process. Thanks.