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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 10 Aug 2005 09:25:53 -0700 /

Author of the message: "mlrogers@cinci.rr.com"

Title of the message:
Re: 2nd mortgage and bankruptcy

Text of the message:
In Ohio, I have found, the sheriff's auction would clear the liens on
the property with the exception of some tax lien rules unless the
second mortgage defended its position at the auction. The second would
have to send a rep to the auction to bid up the property. We have
purchased lots of houses at sheriff's sale with second mortgages that
were wiped out at the sale.
This is just what I have found to be true- you should check with an
attorney because other states or parts of this state might be different
and I can't give legal advice.
I am not sure about the redemption period question.
.



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