If I were to purchase a property at the auction that is foreclosed for first mortgage but has code enforcement liens, will the code enforcement liens go away after I win the bid and pay off the mortgage or do the liens stay on property and I am responsible for them?

It also may be worth waiting as some markets are still correcting since the all time highs.

Real estate investing can be a great idea for several reasons:Potential for Appreciation: Over time, properties often increase in value, allowing investors to build wealth through appreciation.Passive Income: Rental properties can provide a steady stream of passive income, helping to cover expenses and generate cash flow.Tax Benefits: Real estate investors may benefit from various tax deductions, such as mortgage interest, property taxes, and depreciation.Inflation Hedge: Real estate tends to keep pace with or outpace inflation, making it a good hedge against rising costs.Leverage Opportunities: Investors can use financing to purchase properties, allowing them to control larger assets with less capital upfront.Portfolio Diversification: Real estate adds diversification to an investment portfolio, potentially reducing overall risk.Tangible Asset: Unlike stocks or bonds, real estate is a physical asset that you can see and manage, providing a sense of security.Control Over Investment: Investors can influence property value and income through renovations, management decisions, and property improvements.Building Equity: As you pay down a mortgage, you build equity in the property, which can be accessed later through refinancing or selling.Community Impact: Investing in real estate can contribute to community development and improvement, positively impacting neighborhoods.These factors make real estate investing an appealing option for many people looking to grow their wealth and secure their financial future.It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

We have full-time boots on the ground in each market, and have a team centralized at our HQ in Texas as well.If you're interested in speaking with some of our current clients, I'm happy to make an introduction.We've historically worked with Aleka in several capacities (as a client of her's while she was with Acorn and Oak and then as our BIC) and our experience with her was always great.Thanks!

Typically though as part of this cancellation they give you a time period to fix the issue.

Some agents are just too good at giving first impressions but lack the actual work ethic to do what they say they're going to do.

It is actually a 10/1 ARM, so after the first 10 years the rate will adjust once per year for the remainder of the 30-year term.

It can be less risky over time, and you benefit from cash flow, tax advantages, and equity growth.

This might be a time you can look into creative financing but once the property changes owners most counties will reevaluate property taxes based on the sale price.

(Home Prices Chart for Wake County:https://tmls.stats.10kresearch.com/infoserv/s-v1/IFT9-D07)Here’s Where We’re At TodayThe Median Home Price in Wake County is $471,000 for all real estate, down 2% from last month and about where we were this time last year.