May 23rd, 2011:

It depends. We have seen quite a number of bad deals resulting from these types of purchases over the years. The county does not warrant the title and certain liens may survive the foreclosure. We have seen cases in which individuals have purchased properties that were foreclosed by the second mortgage holder. They erroneously believed that they then owned the property outright, even though a superior lien existed.

You should always consult with an attorney in advance of the foreclosure sale date to help ensure that there are no surprises. Otherwise you could end up being saddled with unexpected liability.