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Updated over 9 years ago,

User Stats

807
Posts
473
Votes
Nat C.
  • Investor
  • Miami, FL
473
Votes |
807
Posts

Learning how to understand mortgages in the court records

Nat C.
  • Investor
  • Miami, FL
Posted

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? 

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