Question about liens regarding a REO property being auctioned

3 Replies

I have never purchased a property via or any auction for that matter. Anyway, here is a snippet of the title information being offered via the site:

My question is will these issues be removed from the title once the auction is complete?

Can't read that. Generally, you get "clear title' with a REO, you may be on the hook for unrecorded liens when using their title co. though. Use your own title co., and they will search for these. You have to read the auction terms. Some/most/all of what you posted was probably wiped out at the foreclosure auction, where the bank got it back.

Whether liens remain after closing or who pays those liens at closing depends on the the contract for that specific property. Contracts are negotiable. Make sure you read, understand and agree to the terms in the contract.