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Updated over 7 years ago,

User Stats

127
Posts
38
Votes
Alex Olmo
  • Specialist
  • Orlando, FL
38
Votes |
127
Posts

Pay for title search?

Alex Olmo
  • Specialist
  • Orlando, FL
Posted
Should I pay for a title search for a duplex I want to buy from county foreclosure auction? What does a seasoned investor do? This statement on their website: Does the foreclosure or tax deed sale erase all other liens on the property? No! There may still be other encumbrances (judgments, priority mortgages, taxes, or liens) that survive the sale. The winning bidder takes title to the property subject to all defects, liens, encumbrances, and matters of which he/she has or could obtain knowledge. It is the bidder's responsibility to perform all research regarding the property, including the value, title defects, liens, mortgages, or other encumbrances. The Clerk's Office does not guarantee a clear title and is not responsible for any encumbrances on the property purchased at auction.

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