I agree with all the posts, in addition... Please do your due diligence of checking records with the clerk of county courts as to mechanics leans and water past dues, these go with the house and you may have to carry them, unlike past taxes or second mortgages, etc.
Also, you are not allowed in the property until you have a deed in hand, not just confirmation, the actual transferred deed in your name recorded by the county. This means the bank will not be able to send an appraiser inside either, so, do discuss it with the loan company or bank in detail before you dive into a sherriff's auction.
Please feel free to reach out to me at 330-285-4134 or firstname.lastname@example.org
Ajay Mehta. Russell Real Estate Services... more