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Home › Forums › Closed Forums › Buying and Selling RE › Auction or NTS Sale – what liens / debts do you have to worry about? › – 2nd mortgage – wiped out –

March 10, 2010 at 3:37 PM #524269
SD Realtor
Participant

– 2nd mortgage – wiped out
– HELOC – wiped out
– Mechanics lien – not sure
– Tax lien – State is wiped. Property taxes are not. IRS liens are not but there is only a 120 day (I think) right of redemption.
– HOAs – wiped out
– anything I’ve missed

UC you got it… also if the tax liens are not a killer we have moved forward and just paid them off. Depends on how the margins look.