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Started By
Message
Deed for Forecloser purchased property
Posted on 9/10/12 at 10:55 am
Posted on 9/10/12 at 10:55 am
Does anyone know for sure if you purchase a home from a sheriff auction in Louisiana,if you get the deed to the home free and clear or are you responsible for any outstanding liens, backpayments, etc?
This post was edited on 9/10/12 at 10:56 am
4
Posted on 9/10/12 at 11:16 am to snake2985
(no message)
This post was edited on 1/13/21 at 1:40 am
Posted on 9/10/12 at 11:21 am to snake2985
Fairly sure a Sheriffs' sale in LA clears the title. If other parties have a lien/mortgage on property, they will be there bidding to protect their interest.
Posted on 9/10/12 at 11:27 am to CHSBears
quote:
Fairly sure a Sheriffs' sale in LA clears the title. If other parties have a lien/mortgage on property, they will be there bidding to protect their interest
This is generally correct. However, property taxes will survive a sheriff's sale. In addition, without me re-researching it, I want to say there are other very limited exceptions.
Posted on 9/10/12 at 1:53 pm to rmc
quote:
Fairly sure a Sheriffs' sale in LA clears the title. If other parties have a lien/mortgage on property, they will be there bidding to protect their interest
This is generally correct. However, property taxes will survive a sheriff's sale. In addition, without me re-researching it, I want to say there are other very limited exceptions.
This rmc guy knows what he's talking about.
Suggestion: Way prior to bidding on a foreclosure, go talk with the sheriff's office civil department. There are stories of buyers being on the hook for $30k in condo fees out there... buyer beware.
Posted on 9/10/12 at 2:21 pm to snake2985
IRS tax liens trump everything
Posted on 9/10/12 at 2:50 pm to snake2985
Can you get title insurance when you bid on a foreclosure? I've always kind of wondered how this works.
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