buying houses at the auctions

[Yocheved Beer]

Hi all,

I want to start buying houses at the auctions but have a few questions,

like how do I know the title is clear? 

Are there people that you can send to the auction like a professional bidder?

I just dont know how to get started with auctions

[Ron S.]

Quote from @Account Closed:

Quote from @Yocheved Beer:

Hi all,

I want to start buying houses at the auctions but have a few questions,

like how do I know the title is clear? 

Are there people that you can send to the auction like a professional bidder?

I just dont know how to get started with auctions

Your Question: "how do I know the title is clear?" As the winnin bidder, you get what is called a Special Warranty Deed which says that for the length of time the Trustee/Attorney controlled the property, they knew nothing new was added. But that can be a real problem unless you get a Title Report before you buy.

As bad as not knowing how clear the title is, you also don't know the condition of the property or now as a growing problem, whether there are squatters occupying it. 

 I've never heard of a warranty deed issued at foreclosure sale. Must be something new. In the 30 years I've been doing foreclosure sales, I've only seen a trustee's deed upon sale issued. Would be strange to issue a warranty deed, which covers the period you owned the property (I get "You" means attorney/trustee), when you've never owned the property. Seems like all the more reason a trustee's deed would be issued. Then again, maybe I'm just getting old and not up to the new stuff.