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Updated over 10 years ago on . Most recent reply

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11
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John Rovin
  • Irving, TX
0
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11
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Newbie Question on title

John Rovin
  • Irving, TX
Posted

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

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