Lien On Auction Home

[dropcap2]Q[/dropcap2]If a property was bought at an aauction to satisf a lien by HOME OWNERS ASSOCIATION,WILL THE PURCHASE BE LAIBLE TO THE HOLDER OF THE PRINCIPAL NOT OF MORTGAGE.

[dropcap2]A[/dropcap2]All liens, including this one by the association, will need to be clear in order to convey marketable title – which is usally a requirement of the lender who the purchaser is getting financing through

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+Rick Landuyt