Posted by Greg on September 17, 2003 at 14:38:27:
Thanks for the prompt responses. Jesse - yep -
I’m aware that tax/municipal/other liens can survive the
Sheriff Sale - there aren’t any of those (I’ve had
a friend who’s in the title business do a title search
for me) . Thanks for mentioning those for the
edification of all that read these posts - those types
of liens can burn you.
JT-IN - thanks for the warning about credit card liens -
didn’t think of that- although legit liens
should be filed with recorder of deeds/sheriff and I
haven’t discovered any (except for 1st and 2nd mtg).
I thought if you buy from the bank after the sale
they provide a clear title or you don’t have to close
on the sale - thanks for confirming that.
But, bank usually sends it to a realtor at this point (at least here they do)
and realtor tries for max poss. price.
Quick followup question - if I buy it from the current
homeowner before the sheriff sale, then I am for sure
liable for all outstanding liens, right?