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mwarrior

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Sheriff Sales
« on: July 04, 2006, 05:34:15 PM »
I know that with a tax sale the mortgagor is pretty much SOL and the buyer gets a clear title, correct? What about Sheriff sales? I see a clause that says "Buyer to assume responsibility for all mortgages, charges, taxes, leins, etc"
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Rob

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Re: Sheriff Sales
« Reply #1 on: July 04, 2006, 06:03:56 PM »
In the case of a sheriff sale.  What happens is the buyer must assume all responsibility including mortgage, taxes, liens and any and all other costs related to the home.  If you are interested in a sheriff sale, I would recommend talking to a real estate lawyer because there are a number of searches you need to do.  Even with the searches you might find yourself with other liens and expensives you were not made aware of.
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