Some Quick Help Need-- Auction Property

[Mark J.]

Hi Folks-- This may not be an appropriate request-- but there's an auction property that just came on my radar this AM (and will be auctioned in about an hour) and I've done some basic research (county records/judgment review, etc.), but if anyone has some experience in this area, I could use an experienced eye to take a quick peek to see if there are any lien issues or something else I need to know about. 

The bank wants 22K. Assessed value is 37K. Seems odd. In addition to the homeowner, the defendant is also Bank of America. Plaintiff is Bank of New York/Mellon. Why would a bank be a defendant?

If anyone has a moment, I'd sure appreciate a quick look. Typically, I conduct my due diligence much in advance, but this one caught me by surprise.

Address: 1344 EAGLEVIEW DR, BRANDON, FL 33510-2580

Judgment

Property Record

Many thanks in advance for any advice or assistance. If I don't feel comfortable, I'll let this one pass. There's always another deal on the horizon-- this much I know. ;)

Mark...

[Peter MacKercher]

I would definitely check on how many loans and back taxes etc.  Are out there sounds like you might need to do some more due diligence before making the leap of buying at the auction. Regardless i would go to the sale to learn so you can but ready to buy the next one. There's usually a few 3-5 guys that buy everything see if you could take one to lunch and see what all you need to do before buying one. 

I went to a few in STL talked to a few guys its an old boys club. If a new person try to bid they would drive up the price on him. This is my experience best of luck to you.