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Katharine Chartrand
  • Real Estate Investor
  • Los Alamos, NM
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151
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subject to's and liens

Katharine Chartrand
  • Real Estate Investor
  • Los Alamos, NM
Posted May 4 2014, 14:06

I've been reading posts on subject to transactions and their risks. I haven't seen anyone talk about liens. I have to assume that you need to do a title search and get title insurance when the owner signs the deed over to you, otherwise all their property taxes, second mortgages, and IRS liens now become yours.

If I understand correctly, this is a big risk and a big expense of buying a house subject to... it hasn't gone through foreclosure so the liens have not been wiped out.

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