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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] CLEAN TITLE ON FORECLOSURE SALE? Posted by daniel on July 24, 2003 at 8:19 AM Does the buyer (successful high bidder) at a foreclosure auction necessarily have clean title to the property? I understand (from reading this forum) that all junior liens get "wiped off" the title at the sale. If this is true, are there any advantages to ordering a title search prior to bidding at a foreclosure sale? Risk: If unable to have a survey, there could be problems with the survey i.e. encroachments, etc. Risk: If unable to perform an inspection, there could be problems with the house itself i.e. termites, electrical, plumbing, etc. Just listed are risks I can think of, but what am I missing? Especially if all junior lien holders are "wiped off" the title at the foreclosure sale? Follow Ups: You have to check the title record before the sale.. Ward-CA- 1:20 PM, 07/24/03 (1) Re: You have to check the title record before the sale.. QwikM 10:15 AM, 08/03/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Does the buyer (successful high bidder) at a foreclosure auction necessarily have clean title to the property? I understand (from reading this forum) that all junior liens get "wiped off" the title at the sale. If this is true, are there any advantages to ordering a title search prior to bidding at a foreclosure sale? : Risk: If unable to have a survey, there could be problems with the survey i.e. encroachments, etc. : Risk: If unable to perform an inspection, there could be problems with the house itself i.e. termites, electrical, plumbing, etc. : Just listed are risks I can think of, but what am I missing? Especially if all junior lien holders are "wiped off" the title at the foreclosure sale? Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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