Burned on foreclosure purchase

[Account Closed]

I was wondering if there is any investors who would be willing to share a horror story on a foreclosure they bought only to find they got more than they bargained for.

To get the ball rolling he is one of mine.

The story is about an unrecorded lien/  About 5 years ago in Susquehanna county, I was at a courtstep sale and there were about 10 bidders. The first of the 2 house started at $12,100. I thought it would sell for around 20k. Turns out I got it at the starting bid and was the only bidder. I was shocked. A couple of months later I found out why. It has a 13k sewer bill on the house which I had not seen at the prothonotary office. The bill had gone back to 1997 and was never recorded. I went to the sewer authority monthly meeting and ask for a reduction. They felt sorry for me and dropped it down to something like 7k. Now I always call the sewer and water companies.