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I looked at some REO properties over the last 10 days and I did see one I liked.However,The property is being offered with no title insurance.The house is occupied by the former owner who now rents from the Bank.I checked the Title and there are over $130k in Credit card liens.The property cannot be inspected as it's illegal to disturb the occupant.The house failed to sell on auction.com twice in the last 10 days and it's in pretty shabby condition.There are no inside pictures as the Tenant is a Disabled Cancer patient.The home was offered with only a quitclaim deed so if I bought this property,do I end up with the liens and any back taxes? I assume I will have to honor the lease and then take the occupant to housing court.The house is Cash only and was bidded up to 300k but did not meet the reserve.I watched the auction site and it was pretty obvious the bidding was auto generated.What happens to homes after they even fail to sell on an online auction house (this is after there was an unsuccessful trustee sale 2 years ago) The house is not an MLS-Today it's status is back to "Not for Sale" on all the major Real Estate sites-zillow,trulia,Redfin.I just don't want to get stuck with leins and a major fixer.The property is in Mass.I need Help! Thanks!
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