I am interested in a property to be mortgage auction-ed next week, doing a basic title search shows the husband of the owner,has a judgement against him since May 2008, in the amount of 12k, plus 7.25% interest. The house is mortgaged on 2005. I was wondering, if I buy this property at the county trustee auction next Tuesday, will I be responsible for this car judgement ? I was told buying mortgage auction will wipe out all junior liens, but tax lien and judgement are considered senior ? Is that true ?
Thanks a lot.