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Jim Kilian
  • Olathe, KS
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Joco Sheriff auction question

Jim Kilian
  • Olathe, KS
Posted Oct 3 2017, 19:26

Hello I am new to real estate investing / bigger pockets. I love the page so thought I would attempt to get more information. Recently I found a Sheriff courthouse auction for a home in KS that has a 1st foreclosing on it and in the documents it lists that there is a HELOC also attached to the property in the amount of 75k in 2nd. My question is if the first sells for $30K will the second fall off or be satisfied as far as I am concerned as the new owner? In KS what is some advice / warnings you can think of that could help me approach this new purchase avenue with caution and knowledge??

THANK YOU<