Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

5
Posts
3
Votes
Rath Yelandur
  • Investor
  • Humble, TX
3
Votes |
5
Posts

AUCTION.COM - Do we get a Clear Title with Online or Live Auction

Rath Yelandur
  • Investor
  • Humble, TX
Posted

I am new to REI. I am in the Houston area. Lets say - one purchases a property by bidding online or at LIVE auction with AUCTION.COM.

Do they get a CLEAR TITLE or they still have deal with hidden Liens ?

In the documents they list along with a property,  they do provide some information regarding outstanding mortgage.  

How do I find out what Level LIEN I am bidding for ? i.e Is it Tax, Mortgage, HOA, or some other lower level lien?

Thanks.

Most Popular Reply

User Stats

5
Posts
3
Votes
Rath Yelandur
  • Investor
  • Humble, TX
3
Votes |
5
Posts
Rath Yelandur
  • Investor
  • Humble, TX
Replied

Thank you for your Input.

Usually I see around 10-20 properties within my areas of Interest.  It is not practical to spend $1000 - $2000 to run Title Report from a Title Company for all the properties.  

After winning the AUCTION, getting Title Insurance is must.

How do the PROs approach this issue.  I am familiar with running the LIEN search at County Clerk & related websites. 

My main Question is : How do I find out from AUCTION.COM listed documents, which LIEN I am bidding against ?

Loading replies...