I am writing to you in regards to your inquiry on the Cornwallis property. It's set go to Auction on Nov 9, 2013, this particular property has been owned by the same owner for quite a long period of time chances are it will be delayed do to the fact that there is still quite a bit of equity in the property and that the owner will either come up with the funds or even possibly sell it.
I dont see this home ending as a foreclosure do the fact that the original loan was issued by a failed bank.
In order to know what type of liens are on this property you'll have to get what's called a preliminary title report, this will show you any liens, back taxes and so forth.
If you have any additinal questions please feel free to call me at 949.629.0295 and I will be more than happy to assist you.
Looking forward to hearing back from you!
All the best,
The Stepenian Realty Group