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Foreclosure and clouds on resale

Posted by Jim M. in Atlanta, Ga. on September 04, 2006 at 9:15 AM

I bought a non-performing note about 18 months ago and foreclosed. I took the security, a parcel of land, back at the foreclosure sale on the courthouse steps. I now have an offer to purchase, all cash, at a $20K profit. THANKS Ward and Foreclosure Forum members!!
Years ago the land was part of a divorce settlement and the former spouses' names were both on the deed. Did the foreclosure wipe out both their names? I don't want any surprises before closing.


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