Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

Account Closed
  • Austin, TX
14
Votes |
54
Posts

Liens/Abstracts on properties

Account Closed
  • Austin, TX
Posted

Hello,

I am planning on bidding on a few properties at my county's (Texas) trustee auction this week. I usually do a basic title search on my own and am familiar with junior liens (e.g. HOA lien) that get wiped out as the senior most loan gets auctioned/sold.

However, some property owners have a huge Federal lien, child support lien, HUD second lien (loan for remodel or extensions) or an abstract of judgement against them. For the purpose of this discussion, lets assume all succeed the senior lien (which is sold here) on the property in time.

Would those liens be something I would inherit or have to pay off/settle when I acquire the property? I have trouble understanding exempt vs non-exempt property when it comes to the judgement abstracts, child support & federal liens. 

Usually these auctions just have a substitute trustee deed filed with county cleark. No Closing is needed. Even If I hire a title company and do a closing, would these abstract amounts be deducted from the original owner's payout or come out of my pocket? 

Thanks in advance. 

Loading replies...