Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 almost 6 years ago on . Most recent reply

User Stats

27
Posts
5
Votes
Nick Fegley
  • Rental Property Investor
  • Lewes, DE
5
Votes |
27
Posts

Sheriffs Sale - Lien and Subordinated

Nick Fegley
  • Rental Property Investor
  • Lewes, DE
Posted

BP Community, I appologize up front for asking this question, as I'm sure it has been answered somewhere on this site, however, I was not able to find a clear answer. 

Situation: Sheriff's Sale of properties I would like to bid on in two weeks.

My confussion: Some of the properties have a lien from the mortgage company, and some have subordinated liens in addition. 

My plan: Go to the courthouse the day before the auction to look at liens on property. 

My issue: I don't understand if the liens (including subordinate) will be whiped off the deed once I buy the property, or not. If not, does anyone have any experience or strategies on repaying the outstanding liens and getting a clear deed?

Thank you for any feedback you give.

Nick Fegley

Most Popular Reply

User Stats

39
Posts
36
Votes
Bruno Nunes
  • Flipper/Rehabber
  • Pompton Plains, NJ
36
Votes |
39
Posts
Bruno Nunes
  • Flipper/Rehabber
  • Pompton Plains, NJ
Replied

@Nick Fegley I’m currently trying to purchase ho,es through the sheriff auction as well. From what I understand things like federal tax liens on current owner and property taxes survive foreclosure. 2nd lien holders is what I’m confused about and not sure if they get wiped out in the foreclosure once your deed is recorded.

  • Bruno Nunes
  • Loading replies...