Posted: 5/3/2009 8:08:53 PM EDT
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Here's the scoop. My wife saw a nice little house that she wants to buy. It is currently up for Deed of Trust sale in Globe Arizona. From what we were able to find out is that there is approximately $4000 owed in back taxes and the current owners refinaned it a few years ago.
Does anyone know how a Deed Trust sale works? Is this type of sale for back taxes and then the high bidder assumes the mortgage? Or is the sale of the mortgage included with the back taxes? All I know for sure is that in order to be a 'bidder' on it we have to have a cashiers check for $10K in hand and be at the courthouse in person. What questions should we ask? Please PM or email me your information. [email protected] Thanks, azski |