Property Q&A in Wasilla>Question Details

raralaska, Home Buyer in Wasilla, AK

Am curious about details of this property. somewhat finished inside ? water , electicity etc.?

Asked by raralaska, Wasilla, AK Thu Dec 22, 2011

The owner is Equivest Mortgage Income Trust Inc. ? would the new buyer be responsible for any other liens on the property or fees other than foreclosure costs.

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This question is about this property: http://www.trulia.com/foreclosure/3070918713--E-Lynx-Cir-Was…

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Answers

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Without a proper address I can't find out anything about this property. You would need the street address or lot and block. On the MLS there is one lot listed for sale for $19K. There are three houses and three empty lots on Lynx circle. I would guess this is an empty lot from the price.
Web Reference: http://www.valleymarket.com
0 votes Thank Flag Link Thu Dec 22, 2011
I check this property out by street address as it has no house number and the listing on Trulia shows no bed or bath count I must assume this is a raw piece of land with no structure.
I believe this property is located in a HOA and may have dues owed against or need to have a resale certificate issued which would cost some money.
Now to answer your question. Typically no the buyer would not be liable for any other leins on the property if it was a judicial foreclosure. However tax leins and second mortgages and IRS liens need to be looked at to be sure the title is clean and this is why you would want title insurance.
If you would like a better explanation please consider talking with a local Realtor
0 votes Thank Flag Link Thu Dec 22, 2011
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