need guidance on foreclosure property i won

[Kasim Rashid]

Hey everyone, I'm a new investor who recently purchased a property in IL without doing the due diligence part because I forgot to do it at the time. I've since gotten the title search done and have received the sale order, but I'm still waiting on getting the deed and getting it recorded. The issue now is that I'm not sure if I bid on a second mortgage or if there are multiple mortgages on the property. I've talked to one lawyer who looked over the title and taxes documents and said it's clear, but I don't fully understand what that means. I'm waiting for a response back from the lawyer, but I'm not sure if he knows much about this specific issue. The only thing I know for sure is that I have to pay back taxes of around $7,000, which I don't mind. I just want to make sure I'm not missing any other large amounts that I might have to pay. If someone could look over the documents and help me ease my nerves, I would be so thankful. 

I'm trying to learn from my mistakes, including being able to read a title, getting all other information (liens, loans, taxes, etc.), fully researching before I buy a property, getting a lawyer to help in future bids, title insurance, and home insurance.

talked to a title insurance company they said my my title search is an abstract does that mean there might be vital info missing regards to more money i might have to pay  ?? 

i have attached the title search 

[Wayne Brooks]

@Kasim Rashid This “title search” doesn’t really tell you anything important.

The only documents pertaining to this property are 2 assignments of A mortgage, this year. It doesn’t even show the mtg foreclosure being filed.

It doesn’t even show When this mortgage was originated, or any other mtgs that may have been recorded, before or after the mtg being foreclosed on.

This is Not a complete title search, by any means.

As mentioned by @Tom Gimer, this property could have been Quit Claimed to the names searched recently, and the foreclosure is for a mtg obtained by the previous owner, with who knows how many liens/mtgs they may have had against them. Since the foreclosure, along with no recorded mtgs showed up supposedly by searching their names, I suspect this may be the case.