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Questions and Answers / Re: Liens
« on: February 16, 2006, 03:39:16 PM »
When was that "writ" put on the property? I did a title search on Tuesday, and the 2.5 million wasn't there at that time. What would have happened with the writ to the successful bidder, had the owners not paid their taxes at 1:00pm that day? Also, I think that by looking at the title search these owners make a habit of doing this. They were in tax arrears in 1998 too and then it was cancelled in 01.
Speaking of "writs", can anyone clarify the "Sheriff's Sales of Lands" at public auctions? How do they decifer where the bidding number starts at? When you win the bid, the Sheriff uses that money to pay off the debts/liens, correct? The winning bidder does not have to pay the liens/debts as well as the bid amount right?
Thanks:)
Speaking of "writs", can anyone clarify the "Sheriff's Sales of Lands" at public auctions? How do they decifer where the bidding number starts at? When you win the bid, the Sheriff uses that money to pay off the debts/liens, correct? The winning bidder does not have to pay the liens/debts as well as the bid amount right?
Thanks:)