What is the best way to find out if and how much the outstanding liens are on a property before bidding at foreclosure?
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What is the best way to find out if and how much the outstanding liens are on a property before bidding at foreclosure?
Also, are property tax and federal tax liens the only leans that have to be fully reimbursed upon purchase at auction? The auction is tomorrow.
Asked on August 6, 2012 under Real Estate Law, Georgia
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
The best way to ascertain what the liens of record are on a parcel that you are interested in acquiring as well as the amount of the unpaid property taxes would be to contact a title insurance company and request a preliminary report be ordered for you.
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