# buying at trustee auction? how to check if 1st trust deed? **URL:** \ **Category:** Foreclosure Investing\ **Created:** [February 11, 2011, 8:13pm UTC](https://community.propertyradar.com/t/buying-at-trustee-auction-how-to-check-if-1st-trust-deed/1385 "2011-02-11T20:13:33Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![Mac](https://avatars.discourse-cdn.com/v4/letter/m/cc9497/32.png) [@Mac](https://community.propertyradar.com/u/Mac)\ **Post date:** [February 11, 2011, 8:13pm UTC](https://community.propertyradar.com/t/buying-at-trustee-auction-how-to-check-if-1st-trust-deed/1385/1 "2011-02-11T20:13:33Z")
just helping my parents purchase a property at trustee action this Monday. The opening bid is around 800k (the loan balance looks to be around 1.4m). I called the trustee company and also checked county office for liens and tax payments. But how can you be sure that it is the 1st loan (trust deed) and not the second or third? here is bit more info: Trustee’s Name Recontrust Company Mortgage Report Recording Date 10/4/2007 1st Loan Amount $1,430,000 Loan Type Unknown Type of Financing Adjustable Rate Borrowers Name xxxxxxxxxx Loan Due Date 7/1/2037 Lender Name Bank Of America NA Mortgage Report Recording Date 6/20/2007 1st Loan Amount $1,420,000 Loan Type Unknown Type of Financing Adjustable Rate Borrowers Name xxxxxxxxxxxx 7/1/2037 Lender Name Bank Of America NA Mortgage Report Recording Date 4/19/2006 1st Loan Amount $1,400,000 Loan Type Building or Construction Loan Type of Financing Adjustable Rate Borrowers Name xxxxxxxxxxxxxxx Loan Due Date 4/1/2036 Lender Name Washington Mutual Bank FA ---
**Author:** ![Mac](https://avatars.discourse-cdn.com/v4/letter/m/cc9497/32.png) [@Mac](https://community.propertyradar.com/u/Mac)\ **Post date:** [February 11, 2011, 7:50pm UTC](https://community.propertyradar.com/t/buying-at-trustee-auction-how-to-check-if-1st-trust-deed/1385/2 "2011-02-11T19:50:29Z")
continued… Prior Sale Recording Date 1/5/2005 Price $400,000 1st Loan Amount $260,000 Buyer Name xxxx Seller Name xxxx Subdivision Legal Description LOT 1 Lender Name Washington Mutual Bank FA Document Number 2005-0022xx Document Type Grant Deed Type of Sale Full-Computed from Tax Lot 1 Prior Sale Recording Date 1/5/2005 Price $400,000 Buyer Name xxxxxxxx Seller Name xxxxxxx Subdivision xxxxxxxx Legal Description LOT 1 Document Number 2005-00xxxxx Document Type Intrafamily Transfer and Dissolution Type of Sale Full-Computed from Tax Lot 1 ---
**Author:** ![Michelle](https://avatars.discourse-cdn.com/v4/letter/m/6de8d8/32.png) [@Michelle](https://community.propertyradar.com/u/Michelle)\ **Post date:** [February 11, 2011, 8:13pm UTC](https://community.propertyradar.com/t/buying-at-trustee-auction-how-to-check-if-1st-trust-deed/1385/3 "2011-02-11T20:13:16Z")
Hi Mac, You would want to first find the last full value transfer and then check all loans for reconveyances. You will want to make sure that you know which Deed of Trust is in default. You want to make sure all prior loans dated before the foreclosing Deed of Trust have been reconveyed. You will also want to check for any back property taxes since they are super senior to any lien. Remember that you are buying the lien position of the foreclosing Deed of Trust and you would still be responsible for any senior liens or loans. You can use the transaction history in ForeclosureRadar to pull copies of the legal documents. We also have a link to the county recorders website where you can check for reconveyances, subordinations, and IRS liens. Keep in mind that buying at trustee sale is a VERY risky way to purchase properties. There are no guarantees or warranties. Check out our video which will help you prepare for the sale. [http://www.foreclosuretruth.com/blog/sean/video-foreclosure-auction-guide/](http://www.foreclosuretruth.com/blog/sean/video-foreclosure-auction-guide/). We also have a great checklist in our transaction history.