Updated over 10 years ago on . Most recent reply
Buying from Auction.com and Lien/Judgment Survival
I'm looking to buy a property from Auction.com in which the Seller (Bank) has taken back the property, not by official county auction foreclosure, but by deed in lieu. From county records, the home owner that deeded the property to the bank has a judgment against him from a small, local bank that (From what I can tell) is not attached to the property, but personal. My question is if I buy this property, could his prior personal judgment become my responsibility?
Related, Auction.com tells me that they can not say whether or not a Seller on/thru their auction site will satisfy existing liens prior to closing of the winning bidder.
Appreciate the feedback.