Sheriff sale preparation - reading a title search
I am interested in a property being offered for Sheriff Sale in the future. I am doing my due diligence to determine what I am getting into if I win the bid at the Sheriff Sale. We ran a title search and I am reviewing the mortgage and judgements on the property
My question is, what items on the title search am I "inheriting" if I get the property at the sale? The posted "judgement amount" on the Sheriff sale is $165k. The original mortgage was for$119k.
If I get the property will the mortgage and judgement both be wiped clean?
I attached an image of the actual title search.
On the title search there is the following:
1 Mortgage by Option One Mortgage/Wells Fargo for $119k
1 Judgment by Wells Fargo for $165k
1 Judgement from a Credit Bureau Collections for $779
1 Judgement from a Medical event for $692
2 State Tax Warrants for $417 and $60
Any advice, answers, or guidance are appreciated!