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Updated almost 8 years ago on . Most recent reply
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AUCTION.COM - Do we get a Clear Title with Online or Live Auction
I am new to REI. I am in the Houston area. Lets say - one purchases a property by bidding online or at LIVE auction with AUCTION.COM.
Do they get a CLEAR TITLE or they still have deal with hidden Liens ?
In the documents they list along with a property, they do provide some information regarding outstanding mortgage.
How do I find out what Level LIEN I am bidding for ? i.e Is it Tax, Mortgage, HOA, or some other lower level lien?
Thanks.
Most Popular Reply
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Thank you for your Input.
Usually I see around 10-20 properties within my areas of Interest. It is not practical to spend $1000 - $2000 to run Title Report from a Title Company for all the properties.
After winning the AUCTION, getting Title Insurance is must.
How do the PROs approach this issue. I am familiar with running the LIEN search at County Clerk & related websites.
My main Question is : How do I find out from AUCTION.COM listed documents, which LIEN I am bidding against ?