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House sold twice!

Posted by Sylvia on March 02, 2002 at 3:58 AM

Why isn't there a law that if a person buy a foreclosure house at auction there may be other liens on the property? How can a house that been bought by new owners at an auction be sold again without giving the chance to bring the current loans up to date? If a junior lien was bought, why can't new owner buy the senior lien also? Shouldn't new owner have the right to purchase it since they weren't the foreclosing party in the first place? Can there money be return if the property got sold at the senior auction?


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