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Updated over 5 years ago,

User Stats

81
Posts
129
Votes
Cassie Montalvo
  • Flipper/Rehabber
  • Boynton Beach, FL
129
Votes |
81
Posts

FL - Surplus funds after auction and a tax lien?

Cassie Montalvo
  • Flipper/Rehabber
  • Boynton Beach, FL
Posted

Hello all, 

I have successfully purchased several foreclosures at auction, so this isn't my first rodeo, but it is my first time with this particular situation and I was hoping someone had some insight...

Property location: Palm Beach County, Florida

HOA foreclosure (no mortgage) lien was about $10,000

I paid about $100,000 for the home

Roughly a $90,000 surplus now

Tax liens exist and amount to roughly $10,000

Property owner deceased and no heirs were located

Tax liens were not specifically identified as a defendant, just the generic "and all other parties claiming by, through, under..." etc. to previous property owner and/or actual property was listed as defendant 

I budgeted $10k to pay for the tax liens, but ... since there is a $90,000 (approx.) surplus from the HOA foreclosure auction, is there any way to have the surplus pay for the tax liens? This is wishful thinking about would obviously be fantastic.

Thanks!

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