Property Title Search Before Foreclosure Sale
Home foreclosure is often linked with liens held by banks or governmental agencies. Multiple liens from various sources may be held against a property in foreclosure. If a home is sold at a foreclosure auction, the proceeds are divided paid to lienholders in order of filing until all proceeds are expended.
Public auctions (also known as sheriff’s sales or foreclosure auctions) are typically held in the municipal or county courts, which neither guarantee an unencumbered title nor offer protection to buyers against additional liens on the property.
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