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Updated over 7 years ago on . Most recent reply

Jai Hill's profile image
Jai Hill's profile image
Jai Hill
  • Investor
  • from Toledo, OH
  • Member since Sep 13, 2017
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Jai Hill's profile image
Jai Hill's profile image
Jai Hill
  • Investor
  • from Toledo, OH
  • Member since Sep 13, 2017
Connect
Jai Hill
  • Investor
  • Toledo, OH
1
Votes |
8
Posts
Foreclosures

Sheriff Auction Help

Jai Hill
  • Investor
  • Toledo, OH
Posted

I am interested in a house that is up for Sheriff auction. The first mortgage is forclosing on the home. I pulled the title report and there is a second mortgage for $20 and additional liens (repo, credit cards, cash advances) of $20k.  Will the second mortgage and additional liens stay with the property or will they drop off?

Will the bank most likely out bid me since $60k is balance due and the Sheriff's appraisal is only $50k?

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