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Updated over 7 years ago,
Is it possible to buy someones defaulted loan clouding deed?
As backstory, I am looking into a property in Texas. The property is being offered as a "resale" and has been on the books as such since 2011. Before the county foreclosed on the property the previous owner took out some sort of loan on the property (morgtage, re fi, or house as collateral). I need to take another look. This loan was defaulted on over 10 years ago. I'm trying to figure out if I could purchase this dept at a discounted rate (since its so old) as a step to releasing there claim to the title.
Very new to this but but I'm finding this all very interesting an I am super thankful for any all replies!