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Updated over 9 years ago on . Most recent reply

User Stats

38
Posts
4
Votes
Daniella Goldstein
  • Wholesaler
  • Phoenix, AZ
4
Votes |
38
Posts

Does a Foreclosure Sale wipe out MECH lien and LIS PENDENS?

Daniella Goldstein
  • Wholesaler
  • Phoenix, AZ
Posted

I like to purchase a home which was foreclosed on and went back to the bank. A wholesaler picked it up and advertised it as off market sale. There is a Lis Pendens filed and a Mechanics Lien prior to the foreclosure auction. Are these lawsuits wiped out at foreclosure sale in Arizona? Please advise, thank you

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User Stats

38
Posts
4
Votes
Daniella Goldstein
  • Wholesaler
  • Phoenix, AZ
4
Votes |
38
Posts
Daniella Goldstein
  • Wholesaler
  • Phoenix, AZ
Replied

Thank you for your advice and sorry about posting it in this forum. The other day I was told I should have put it in the Marketplace, I'm fairly new to BP and will get it straight one of these days. The seller will send me a different Purchase Contract today, let me see what this one reads, I may be right back here and ask for further help. I'm glad this forum exists!

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