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Updated over 8 years ago,
Courthouse steps advice needed
I just purchased a property through a courthouse steps auction (online though, not actually at the courthouse steps). I was wondering if anyone has any relevant tips or advice as I move through this process. Why should I expect? Is there anything in particular I need to be aware of? I have bid before, but never won. I did a lien search before bidding and the only outstanding lien I found was for the one that is reason for the foreclosure, which will be satisfied by my purchase.
I was told that there is a 10-day window where the defendant (or others) could make a claim against the sale before the deed transfer can take place. Is this usually just a formality? I am just wondering what to expect through this process.