do i have to pay loans the previous owner made in aforeclosure sale in california?

Answer 1

If the loans are secured by the property (such as a 2nd mortgage or even a home equity loan) and the previous owner has defaulted on those loans, then those loans must be paid off or refinanced in your name before you have clear title to the property.

Answer 2

You are not giving enough information in your question. If you bought the home, and THEN found out later that there were liens on the property that you had not previously known about, then you may be liable. There is an exception though. When you bought the home, you paid into something called "TITLE INSURANCE". Title insurance is an actual insurance policy that protects against any liens that would have been on the property at the time you bought the property. However, they would not cover for liens (mortgages) that YOU have placed on the property, only liens that would have been there at the time of purchase.

You need to call the title company, or the attorney who took care of your title work and talk to them about this and let them investigate it. If they find that there were liens on the property THAT THEY MISSED at the time of purchase, then THEY, the title company would be liable to pay them. Now, if you bought the home with cash and you did not get title insurance, then you are absolutely liable for these liens.

Good luck!

Answer 3

No I don't think so ask a Realtor they'll be able 2 tell U