Hello- I am in California and i am interesting in purchasing my first foreclosure at auction. I know that the the junior liens are wiped out from the foreclosure. Are those liens that were wiped out specifically named in the trustees deed or in any other filing at the county recorder?
@Matt Pfefferlen to my limited understanding they must be named in the action. But a local attorney could better answer that for you.
I don't know California, but usually part of the foreclosure process is notifying junior liens.
However, they don't get named in any document (like a Trustee Deed) you receive if you purchase at auction.
The other lien holders are identified in the court documents where I live. Some parts of the country you can view court documents online, while in other parts you have to visit the court to view the files. If you are bidding on the most senior lien holder, i.e. the lien placed by the mortgagee, then junior liens are wiped out, except for IRS liens (IIRC) and possibly other liens placed by the state.
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