what's public bidding, how to find lien.


#1

I am new, and don’t know many things. today I tried to bid 121 buckingham dr., #54 santa clara, ca95051, apn 29454037.

From foreclosureRdar , I found total loan is 420,000. first loan is 336,000, second loan is 84,000.

I joined the bidding, the winning bid is $232,800. and the market value is 327,900.

The winning bidder only need to pay 232,800 to the bank (trustee), right? the winner won’'t need to pay 336,000, right?

If I do this research, how do I know this property as any lien, like property tax lien, irs personal lien, car loan lien, credit card lien.

I heard that the winner bidder need to take responsible those lien or debt, it’s that true or not?

where and how can i find the lien?


#2

Hi Charlene,
We have a great video on what happens at a trustee sale http://www.foreclosuretruth.com/blog/sean/video-foreclosure-auction-guide/?
We also have a great webinar on title research. To view the recorded versions of our webinars please click on “Webinars” under the Support and Training tab on our home page. You will then scroll to the bottom of the page to see the previously recorded webinars that we have on file. You can also register for our free webinars and view the recorded version by clicking on the following link: https://www.foreclosureradar.com/webinars