Newbie Question on title
Hi
I am researching a property which is listed at foreclosure auction. This is very basic question please ignore my ignorance.
It is foreclosed by lets say ABC Bank with $100,000 principal original deed date: 1/1/1999.
It also has other deed of trusts as below:
1. Lender: DCF Bank, Principal: 8000, Date: 1/1/2005
2. Lender: XYZ Bank, Principal: 7000, Date: 1/1/2012
So the question is if I buy at auction do I have to pay outstanding balance on which of the deed of trusts?
Thanks in advance,
John