Will I be surprised at closing? - Posted by Stevo
Posted by Stevo on February 25, 2002 at 22:58:41:
I’m currently pursuing a preforeclosure that’s hitting the auction blocks next Tuesday. It looks like the only way to save this one from the fire is with certified funds delivered to the lawyer for $5,500. (It has about $25K in equity.)
However, the seller has had $5,000 worth of siding put on the house and a new HVAC system installed for $5,000 in the recent past and those are still unpaid and will probably never be paid. He tells me there are no other liens on the house, including these two, and I’m having title checked to confirm. But could they ever be attached to the property if I buy it subject to the existing financing? Can these things show up in the future and bite me in the derriere?