I am considering buying a house that was repossessed from the previous owners. Where would I stand if they had secured other loans etc against the property, is there any possibility that creditors could come and take the house off me in the future because of these debts the previous people have run up?

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In the U.S. at least, you need to be very careful about purchasing a repossessed home. Other creditors might have claims on the property and are entitled to restitution. In the U.K. you probably have a bit more protection.

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