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Updated about 8 years ago,

User Stats

51
Posts
3
Votes
Lucky B.
  • Investor
  • Clermont, FL
3
Votes |
51
Posts

Buying my first HOA foreclosure home.

Lucky B.
  • Investor
  • Clermont, FL
Posted

Some of you may have been fearless or fearful on your first attempt at buying through the court auction.i made a deposit and I am prepared to spend up to 30k ,and then pay off the past due delinquent taxes. I did my own title search here in FL and the two resources I looked at are the tax collector and comptroller. The search has been easy because the person's name is unique,only one such person in the county and the property only had one prior owner. Wouldn't you agree that makes title searching easy, since the chain of title isn't long . I was privy to some info in confidence by the nanny who is my friend . The owner lives in Europe and his property manager doesn't seem to be doing their job because the taxes have not been paid in two years , and the HOA foreclosure date is set. The HOA judgement is 8k. There is no mortgage on the property which the nanny confirmed . If I didn't know the nanny I would not bid and would walk away from this kind of transaction. What are your thoughts ? What other resources besides the comptroller and tax collector should I check? Can I negotiate the delinquent property taxes that is due for 2014 ,2015 and now 2016 ?

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