bidding on Judgement liens - Posted by nancy

Posted by Nancy on June 19, 2006 at 08:56:07:

Thanks Craig!!

bidding on Judgement liens - Posted by nancy

Posted by nancy on June 16, 2006 at 21:35:38:

Does any one invest in judgement liens? I was attending an shriff sale auction and came across the section where people are bidding on judgement liens… what are the priority of judgement liens in relationship to mortgage and mechanic liens? what are some exit strategies and limitations/risks?
I’m in Texas

Thanks
Nancy

Re: bidding on Judgement liens - Posted by Craig

Posted by Craig on June 19, 2006 at 05:44:33:

Here in Montgomery, AL what you bid on is the equity in the home. Mortgages, and other leins have priority. From what I have been able to find out it is a crap shoot at best. If your interested in a particular property, go to the courthouse and find out what is recorded against the property. Also remember there is a redem. period. Here it is one year.