Am I buying a 1st or 2nd mortgage (Florida)

[Matthew Thorp]

How do I know if I am buying the first or ?second mortgage in florida? Is anyone successful with buying foreclosures and selling them right away? I am in the business of flipping houses but buying prices are getting too high and I am looking for alternative methods to purchasing properties.

[Wayne Brooks]

You Can do it yourself, by searching the online records and making a chart of mtgs/liens and when they were recorded which ones were satisfied, etc. to determine their priority, but it can be tricky.

You will likely miss a recording where the borrower name was misspelled, when searching by name, but it it is still valid.

I've seen mtg.s with a different legal description/subdivision shown on the search results page, but it was in fact the same property (the actual recorded mtg legal description showed XZY subdivision, formerly known as abc subdivision).

Unrecorded hoa debts won't show up, but you still inherit them....same with unrecorded code violations/utilities

Also, the auctions have many buy and hold bidders who will pay more than flippers.....has been that way for years here.