Auction.com Forclosure sale questions
Anyone have experience at non bank owned foreclosure auctions at auction.com? Any thoughts on things to look out for, or reasons to avoid auctions?
We are making our attempt at due diligence on a particular property. We have a preliminary title report from our title company. We are looking at getting in touch with a real estate attorney, but looking to get as informed as possible.
My question is, does anyone have a definitive way of determining seniority of liens or verifying exactly which lien you are buying at an auction?
This would be our first auction purchase and trying to figure out exactly how to analyze these.
Thanks.