All Forum Posts by: Narsi M

Only one mortgage (modified). However my question was about Judgement Lien and it looks like this lien will be wiped out. Atleast this is what the Underwriter said. I hope this helps.

Just found out from one of the settlement Underwriters that the Judgement lien will be considered Junior and it would be wiped out as its attached to property.  Thats a relief and now i should only worry about one lien.

I am planning to buy a Fairfax county trustee auction and trying to understand few things before i go and buy. Upon title search on this property i found 3 things and wanted to understand how risk is this buy and what i should know before i bid.

1. An outstanding Judgement lien since 4 years, i assume its not paid off, if so how can i find out. From my research i read that the government, tax and judgement liens take priority.

2. A loan modification after 4 years of ownership and the amount is higher than original loan amount. I am assuming it Refi + Cash out when the rates were really low. On the foreclosure website it states position 1 and position 2 while the position 2 is the loan modified amount.

So my questions are

1. How do i find out more on Judgement lien and its pay off status.

2. I am assuming that there is only one which is the modified amount. Please clarify or suggest.

3. If i go for bid, what should i consider (Judgement to be paid + winning bid price)? OR any other surprises.

Your advice is appreciated.

Thanks for all your replies. I shall definitely check with my broker. BTW iam a Realtor in VA.

Iam a new realtor. I represent 2 clients. I have a situation where both clients want to bid for the same property. My questions are:
1. Can i do this?
2. Is this violation of fiduciary duties?
3. If i cannot, what are my options?

TIA