Going to bid at Foreclosure Auction Friday in NYC

[Tal Eisenberg]

Hi All,

First post (besides introduction) for me. My father and I will be going to our first auction as bidders this Friday (in Queens, NY). We have scouted the property numerous times, actually been inside the building (not any of the apartments) and have decided to bid on the property. Property taxes are all up to date. I have called the county clerk and they told me there are no liens on the property except for the foreclosure.

I know that at a foreclosure auction everything is expunged except for taxes. There is a broker representing the note holder and he has told me that he believes that title can not change hands if there is an existing tax lien. Is this true?

I've looked on ACRIS (The Automated City Register Information System) and see no record of any open tax liens on the property (county, state or federal). Is there any other place I should look? I have until Friday morning.

I know this is last minute to post for this kind of thing, but I've only recently found this amazing website. I will be coming on here more and more for future investments, questions, etc.

Thanks in advance

Tal