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Updated over 9 years ago on . Most recent reply
Need urgent advice on foreclosure auction
I am really hoping someone can give me a quick response to this troubling question. The auction ends in 4 hours.
A 2 bedroom condo in a very exclusive building has a final judgement order of $178,000
Property market value is around $463,000.
Court records show the plaintiff is the first mortgage.
HOWEVER the online auction portal also lists the following defendants-
DEFENDANT
Suntrust Bank (na),
DEFENDANT
John Doe
DEFENDANT
One Miami Master Assn Inc,
DEFENDANT
One Miami West Condo Assn Inc,
Now Suntrust Bank at no point has a mortgage on the property in the county records.
Similarly the condo associations listed don't have any liens or any mention at all in court records. I don't understand how they are listed as defendants? This would be a steal of a deal at $178,000 but I'm scared about the defendants listed. Help anyone?
Most Popular Reply

Have you run an official title search on the property. That deal sounds too good to be true. I would double check that it is the first mortgage foreclosing. Spend the $100 to make sure you don't make a mistake on this one. Just a suggestion.