foreclosure auction in michigan - Posted by greg (MI)

import · December 21, 2004, 7:28pm

Posted by Adam King (MI) on December 21, 2004 at 23:01:53:

Greg,
Houses can be sold at auction with liens still attached.
Also, I am not very fond of condos here in MI. They can be hard to move and make money on.
Regards,
Adam

import · December 21, 2004, 7:28pm

Posted by greg (MI) on December 21, 2004 at 20:28:54:

I am considering buying a condo at auction. My question is are all liens removed when a house is sold at a foreclosure auction and is there anyway a lien can be placed back on a property after it has been sold at auction.

thanks in advance for any help
Greg

import · December 22, 2004, 2:12pm

Re: foreclosure auction in michigan - Posted by Blane (MI)

Posted by Blane (MI) on December 22, 2004 at 15:12:17:

I believe any mortgage liens would fall off, but not necessary others like IRS liens. I agree with Adam, depending on where you’re at in Michigan a condo at auction is probably not the best use of your funds. You have to have all your cash at the auction, you haven’t been inside to check the condition (unless you somehow got in), and condos are a dime a dozen. You could probably get a better deal by learning how to buy from this site and then go find a motivated seller. Good luck.

Blane