How does one check if there is a secondary lien on a foreclosed home?

Vicky
Vicky
Home Buyer
Warren, MI

I will be losing my home due to job loss. I have enough funds to purchase a home for around $15,000. I've seen homes in that price range but it is the responsibility of the buyer to know if there are any back taxes or secondary liens or to insure the current seller (bank) is the primary lien. Is there a feasable way to determine these things?

Sun May 24 2009, 09:31 - Home Buying in Warren - 1 answer
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Vicky Chrisner
Vicky Chrisner
Agent
Leesburg, VA
FIRST ANSWER

A title search will do this. Make sure you can get title insurance.

Wow... are there livable homes for $15K? That blows my mind.

Web Reference: http://www.vickychrisner.com
Sun May 24 2009, 10:55
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