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Updated about 9 years ago on . Most recent reply

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5
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4
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Rath Yelandur
  • Investor
  • Humble, TX
4
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

Account Closed
  • Investor
  • Denver, CO
582
Votes |
736
Posts
Account Closed
  • Investor
  • Denver, CO
Replied

I have bought three properties from Auction.com.  All three came with title insurance.  One property had liens from the city mowing the lawn and cutting back weeds and the title insurance company reimbursed me for what I had to pay out.

I haven't had any issues.  Your mileage may vary.

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