I have been following a property that is now in foreclosure and going for a sheriff sale auction at the county court house. The property is located in Delaware County, Pa.
I have a few questions:
1. How do I research to see if there are any liens, or title issues with the property? Is a title search all I need to do?
2. I have been told that even if I do a title search, there maybe some hidden liens or financial issues that the title search did not find. Is this true? How am I able to be 100% certain there are no financial surprises (such as liens that I am unaware of) that may come up if I purchase the property? I was also told this is what title insurance is for and that will cover any financial issues with the title.
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
2y
@Steven M.
1. Title search and understanding who is foreclosing what liens are and are not extinguished
2. You do not get title insurance on a foreclosure at auction
3. PA has some crazy law that if it is from an estate : borrower passed away then the auction bidder/winner is responsible for those taxes on the property which is nuts but the case
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