Buyer's OTHER financial obligations?


#1

I am considering an auction property that is being foreclosed on by the 1st loan. It also has a 10K debt (not the first). The 10K note says, “PROMISSORY NOTE - STARIGHT - SECURED BY DEED OF TRUST”. Will I be liable for this debt if I purchase the house?


#2

If the 10k loan was recorded after the 1st trust deed it is wiped out by the foreclosure of the 1st trust deed. Doesn’t matter what kind of loan it was.