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Updated about 9 years ago on . Most recent reply

User Stats

19
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Patrick Hill
  • Wholesaler
  • Stamford, CT
0
Votes |
19
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Any Legal Experts to interpert below?

Patrick Hill
  • Wholesaler
  • Stamford, CT
Posted

"The property is being sold free and clear of the lien(s) being foreclosed, and of all interests subsequent in right to that lien. 


The property is being sold subject to:

  • All taxes due the municipality not foreclosed by this action,
  • Water and sewer use charges not foreclosed by this action,
  • All building and zoning regulations of the municipality which affect this property,
  • All building lines, easements, restrictions and all other matters concerning this property which appear of record,
  • The rights of any person in possession or occupancy of the property who have not been made parties to this foreclosure action,
  • The right of the United States of America to redeem the property, if applicable under Federal law,
  • Any other liens on this property which have not been foreclosed by this action."
  • Most Popular Reply

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    Wayne Brooks#1 Foreclosures Contributor
    • Real Estate Professional
    • West Palm Beach, FL
    13,508
    Votes |
    23,418
    Posts
    Wayne Brooks#1 Foreclosures Contributor
    • Real Estate Professional
    • West Palm Beach, FL
    Replied

    This is a typical foreclosure auction. It means you have to do your research and learn what you're doing, as to who is foreclosing-1st or 2nd Mtg-and what liens may stay with the property.

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