Colli Real Estate

Foreclosure auction on an issue with primary lien?

Loans went to court today to buy a condominium. He was barred for a meager $ 5,000 by the Homeowners Association. I was the only other bidder other than the person who represents the Association of Owners. The lady approached me and asked if I knew what would happen if I purchased the property. I told him about his work because he had something to say. She said only make an offer of $ 3,000, but if the highest bidder so that I am responsible for the $ 60,000 due to the first mortgage. I heard that erased foreclosure all privileges, but she said it was not the case and would probably contact the owner of the first mortgage and asked to pay for the first mortgage. If this is the case, the property was not negotiable and I left. Lady was a bluff? Can the owner of the first mortgage up to me after the foreclosure sale and payment demand? Thanks, Ten

This is the simple answer when a lienholder on the property precludes the towel after only link / load that came after the lienholder that are labeled the young person in this case from the first note / charge came before the HOA fees is the first lien HOA fees placed on the condominium in an increasingly If the owner of the first not based on a property of all links / dependents who came later, and when it is duly registered, and that vanish when young to the old, which means that conscious of the burden for the first time on record, and the first reserve the right to take the title and now clearly excludes times when you go to an auction of foreclosure by the first note to be given a list of responsibilities that are attached to property, even if they occurred later, for example, water / sewer, Bill of certain fees, etc., since

How can I buy a property that has been foreclosed on?

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