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Updated about 4 years ago on . Most recent reply

User Stats

160
Posts
58
Votes
Javier Rosales
  • Rental Property Investor
  • Los Angeles, CA
58
Votes |
160
Posts

Liens and Auctions, are they whipped off at purchase

Javier Rosales
  • Rental Property Investor
  • Los Angeles, CA
Posted

Hello BP, I’m looking to bid on a home at an Auction.

Home is a 3bed 3bath opening bid is 127,000

First lien is at 506,800

Second lien 63,400

The second lien is being foreclosed on.

And the buyer is responsible for first lien.

Does that mean the buyer takes over the first lien subject too?

I would appreciate any feed back

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