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Updated over 5 years ago on . Most recent reply

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76
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21
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Josh D.
  • Tampa, FL
21
Votes |
76
Posts

Which liens survive foreclosure?

Josh D.
  • Tampa, FL
Posted

I'm looking to bid on some properties at the foreclosure auction (Florida). Someone told me if a junior lien holder is not named as a defendant in the foreclosure final judgment then their lien could survive the sale and I could potentially buy a property that still has a 2nd mortgage attached to it.

Does anyone know if this is true?

Thanks in advance!

Most Popular Reply

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15,176
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11,259
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Joel Owens
  • Real Estate Broker
  • Canton, GA
11,259
Votes |
15,176
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Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorReplied

Most auctions are overrated. You would do much better associating with power REO brokers and making low offers on properties with clean titles already that you can close quick.

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