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Updated about 8 years ago on . Most recent reply

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Craig Conte
  • Englishtown, NJ
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Foreclosure House with Liens

Craig Conte
  • Englishtown, NJ
Posted

I am looking into buying a foreclosure at an auction in a few days. When i viewed the title information from Auction . com it is saying that the property has multiple liens. When i looked up the liens online from the county website it shows a few tax certificate liens from previous years all the way up to 2016. 

Is it possible to have more then one tax lien on a property at a time?

Also is there a way to find out exactly how much is owed on the liens?

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Yes, you can have multiple tax liens. If this is an REO, you should be offered title insurance, which means the bank will pay off all liens before transferring title. Buy your own title insurance as opposed to taking the "free" title insurance offered. If this is the actual foreclosure auction, you inherit them all.

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