All Forum Posts by: Carolyn Abbott

 Sorry. I meant they are most likely purchasing at the court house steps during the foreclosure process. 

they are probably purchasing the home before closure

Thanks for checking. There were 2 we probably should have bid on but one showed an owner with an irs lien ( not attached to home) but still not something we felt comfortable taking on for our first flip. The other had tenants that were questionable but we probably should have bid on it and evicted. Next time will get one. Issue here is there are not many showing up every month. 

Thanks for all the feedback, I'll keep you updated on how we do.  I'm not sure how to verify the second lien holder was notified  but not talking any chances and will account for that lien in our bid just in case until we get more experience. We have done all the other research on any other possible liens  

I am getting ready to purchase a home at the courthouse steps. If there is a first and second lien on the home and I win the bid for the first lien what happens to the second lien?  Do I have to  consider it when bidding because I have to pay it off also?