When you buy a property at a courthouse sale. Do you get a clear title? what about leins and fifa's ?

Asked by Gadawg, Dawsonville, GA Thu Aug 25, 2011

Help the community by answering this question:

+ web reference
Web reference:

Answers

2
Alan Grizzle, Agent, Dahlonega, GA
Tue Apr 17, 2012
Buying a house off the court house steps is risky business. You need to check the title before bidding to know that you will get clear title. You will still be responsible for unpaid county taxes. Also you have no right to go in the home before the foreclosure unless the owner invites you in. You could be getting a home that needs lots of repairs you have not budgeted for.
1 vote
Russ Garmon, Other Pro, Norcross, GA
Thu Aug 25, 2011
Im not an attorney but it depends on what lien is foreclosing, usually an IRS lien and property tax lien or prior recorded lien would still need to be satisfied or released.
I have seen examples where someone was thinking they were buying the first mortgage but in fact was a second and still had prior lien that would need to be satisfied or subordinated.

Consult with an attorney.
0 votes
Search Advice
Search
Ask our community a question
Home Buying in Dawsonville Zip Codes

Email me when…

Learn more