Buying my first foreclosure

[Arianne Costner]

Hey! I am about to offer on my first foreclosure on auction.com. This is the property: https://www.auction.com/detail...

It says I have the option to buy title insurance and get a special warranty deed. Does this mean the property has no liens?

I have heard horror stories of buyers having to pay unexpected liens. I ran a property records search and found one grant deed in 1996 (with a loan of 75k), and then this deed in 2020:

DetailsType: Trustee's Deed
Document ID: 220114950
Recording Date: 21 Aug 2020
Original Contract Date: 21 Aug 2020
Sale Price: $128,000 (Full Amount Stated On Document)SellerFidel A Ruiz, Kristina K Ruiz
BuyerPhh Mortgage Corporation
5720 Premier Park Dr
Riviera Beach, FL 33407

I am not sure what info I can glean from this. Does the 128k mean that the bank likely won't sell it for less than that? How did the bank buy it for so much when the original loan was 75k? Was there a second lien I am not finding somewhere?

Thank you so much in advance if anyone is willing to assist me in deciphering this.

[Jonathan Greene]

You won't know all of the liens upfront most of the time as there can be some sneaky ones hiding. We got a 28k IRS lien that came in late on a courthouse buy, it happens. There could be multiple liens, you will have about 20 percent of the information on auction.com. You might want to search your local foreclosure site via your county to see if you can get the upset value confirmed. Online foreclosure auctions are like high-grade eBay with people pushing up the prices and a lot of buys failing and going again.