Foreclosure question...?
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Answer:
You should get a title search and title insurance to determine whether there are other liens. Before that though, the legal notice advertising the sale will tell you of any KNOWN liens. If you are purchasing a foreclosure for $3,000 my guess is that is a second mortgage and you would still have to pay the first.
Are you speaking of a mobile home? If you're speaking of a modular or stick built house, and you pay only $3000 for it, then great. If this payment is all that's left, you'll receive a deed stating that you are the owner and no payments are required.
Somewhere in there you'll know if the ad says $3000 down or however you learned about it.
If the house cost $3000 and land included you would probably owe property tax usually billed one a year.
I cannot imagine a home for $3,000 so that must just be the down payment. You will also have to pay taxes and insurance.
If you purchase a home, there should be a deed of conveyance from the seller, and it should be placed of record in your county. If the closing was done, you should have received a "settlement statement" and it will show the name and address of the title insurance company. That title insurance company will issue you a title policy that insures your title and states if there are existing liens on the property. If you bought land that had been foreclosed, it is quite possible that the prior liens and taxes were satisfied in the foreclosure process, but if you have any questions, call the title insurance company and ask for an appointment to discuss the transaction with a title officer. That person will take time to explain all the facts concerning your purchase, including any possible obligations to pay liens that were not satisfied.
If the settlement statement does not indicate a title insurance company, the title should be insured to protect you and any future owners. It is not an expensive process and a title officer at any title insurance company in your county will handle the matter for you.
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