Buying Foreclosed Home on Auction

[Jeffrey Cheng]

Hey guys,

Help wanted! Newbie here, will be participating in an auction for a rental investment property in a few days!

How do you go about (in a thorough way) seeing if there are any liens/second mortgages etc on the property? Do any of you have a good process to ensure there aren’t any major surprises after winning a bid?

Thanks for your help in advance!!

[Jeffrey Cheng]

@Wayne Brooks @David Abbate

Thanks for your prompt responses and advice! Sounds like the best course of action for my situation will be to hire a title company. Better to shell out $50-$100 now and be confident with what I’m bidding on rather than get stuck with a surprise lien later on.