Buying condo at courthouse auction

[Riz Ahmad]

I have never bought a property at a courthouse auction but see a condo coming up for auction shortly. The condo is being foreclosed by the condo association. What are the pitfalls of me getting into this transaction? What due diligence should I do? Could there be bank liens still in the property that is being auctioned and how can I check those? Thanks for any tips.

[Tom Gimer]

Be very careful to understand the priority of liens in this sale... and whether you are buying subject to an existing first mortgage, etc. See https://docs.legis.wisconsin.gov/statutes/statutes...