Foreclosures
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
Learning how to understand mortgages in the court records
Reading and understanding court records is paramount for bidding on foreclosure auctions.
I am not absolutely certain I have grasped it. I'm not in full understanding presently, like when there are several mortgages recorded on one property.
I am a slow learner. I need things spelled out for me. I honestly think I have an undiagnosed learning disability.
If I have something in writing, I can read it 5 times until I finally understand and once I learn something, I seldom forget it.
I have been trying to find some sort of instructive article online that explains how to read and understand the court records but I cannot find such information. Can anyone point me towards such a website perchance?
My other question is, do the owners personal debts affect the buyer? For example, I keep seeing owners who have a judgement order against them for an unpaid hospital bill. One person had a 150K debt owing for a hospital stay! Would that in any way affect me if I bought the property? Does this debt stick to the house or just the person?