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Updated over 6 years ago on . Most recent reply

User Stats

55
Posts
19
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Aladdin M.
  • San Mateo, CA
19
Votes |
55
Posts

Florida BOA REO Auction Property found to be CONDEMNED!

Aladdin M.
  • San Mateo, CA
Posted

Hi everyone,

Any ideas and guidance welcomed.

I bid on an REO being auctioned on a popular auction site.

All of the processes seem to be running well until I received the lein search and found that there were code violations declaring the property uninhabitable.

I believe that the issues found are repairable, but it will take a significant amount of money relative the the value of the property.

Any suggestions on how to proceed?

-A

Most Popular Reply

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23,418
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13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

This doesn’t seem to be lien issue, but more of a “needs mire work than I thought” issue.

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