I am looking to purchase a home through auction for my family and I and the details are as follows:Wells holds the lien and there are no junior or other outstanding liens.It was established in 2011 at 175k and the property owner stopped paying over the summer so I think it's in the 161k range for what's left on the mortgage.In talking to Wells they said that they were not listing the property for auction but the owner was... yet Auction.com lists this as a foreclosure property.My father would partner with me on the cash for this deal until I can grab my traditional financing but he is worried about being on the hook for more than we expect.If I have checked with my recorder of deeds for any extra liens or overdue taxes, sewer bills, etc, can I be on the hook for anything more than my bid price if I win? 

I believe it depends - all junior liens will be wiped off, but there are some that could still attach to the property.Personally, I would buy title insurance.

Most of the time it passes through who is servicing the loan and then to the actual who owns the loan, PMI and any juniors.

I'm a former high school, and junior college football coach.

We have 3 boys, one is junior high, one is high school, and one in college.  

Sometimes we see the lender reopen the case because they forgot to name a junior lien holder, and figure it out when they do the title search to resell it as an REO.

Currently I am a junior at the University of New Hampshire set to graduate next year, but I also recently received my real estate license to help with my investing and to potentially help others invest as well.I have to confess that I've used BP as a resource for a number of months now and am just now making an account!

Benefits of working under a brokerage- they take on the majority of your liability, handle earnest money, branding, marketing, administrative support, technology, office space to meet your clients, trainings, networking, other senior and junior agents to help you.

We have 4 different "junior" partners that get 1/3 equity and the construction company is the 2/3 partner.

@Rodney Dixon  100% leverage is a no no post 08 GFC at least if you want to stay in the businessthe other reason an astute lender in FLA knows that foreclosures there take a year or more and if they are contested multi years. and if you default their only way to get the collateral is to foreclose out the junior lender.you need 100% owner financing in this situationthis is why when owners finance but want a large down it really does not mean anything to the investor who does not have a downpayment.