Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago on . Most recent reply

Why do I need title search before buying from mortgage auction?
I've read that title search is a must before buying a property from a mortgage auction. I've also read that existing liens and any second mortgage are wiped following the first mortgage foreclosure, so why do I still have to conduct title search?
I assume that the first mortgagee made sure title was good (since title insurance was a requirement) before granting the loan. So, what's there to look for? If it matters, this is for Pennsylvania.
Your insight is much appreciated, thanks!