Never are YOU responsible personally for leins on a property if you win it at auction. The liens that might encumber the property are on the property, not you. Now if you own the property after the auction the lien holders can technically depeding on the state and type of lien foreclose on the property to get payment for the judgment amount they are owed.
If it's a foreclosure not a tax lien and the lien that foreclosed and you won the property from is a junior lien, like a HOA/condo association lien, then those other liens can still encumber the property and jeopordize your ownership. In this scenerio you would need to negotiate with the remaining debt holders and work out a deal, or rent the place and defend any litigation until you earn money back.
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Yes, but what if the auction is for an HOA lien, for instance, let's say $20,000, but the property sells at auction for120,000 leaving a positive balance of $100.000 with the County Clerk of Courts. Now let's say that there's a superior lien (a mortgage), of $130,000. Doesn't the 1st lien holder have the right to claim the remaining $100.000, leaving only a balance of $30,000 still pending on that owed mortgage? My question/comment being, if the mortgage holder can claim the overage and if so, how long does that lien holder have to claim that overage.
I will get someone from our surplus department to comment.