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Updated almost 8 years ago on . Most recent reply

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5
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3
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Rath Yelandur
  • Investor
  • Humble, TX
3
Votes |
5
Posts

AUCTION.COM - Do we get a Clear Title with Online or Live Auction

Rath Yelandur
  • Investor
  • Humble, TX
Posted

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

User Stats

5
Posts
3
Votes
Rath Yelandur
  • Investor
  • Humble, TX
3
Votes |
5
Posts
Rath Yelandur
  • Investor
  • Humble, TX
Replied

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 ?

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