Title/Lien Search - Foreclosure auction Final Judgement meaning
If there is a final judgement for a property in foreclosure auction that has the following statement, does it mean that if there are any liens or judgements against the property or owner that they go away and the successful bidder is not responsible for them? For example, if there is a water bill that the foreclosed owner did not pay, would the successful bidder be responsible for it. This is from a foreclosure in the Sarasota County, FL. The statement in the final judgement is:
"If this property is sold at public auction, there may be additional money from the sale after payment of persons who are entitled to be paid from the sale proceeds pursuant to this Final Judgement.
"If you are subordinate lienholder claiming a right to funds remaining after the sale, you must file a claim with the Clerk no later than sixty (60) days after the sale. If you fail to file a claim, you will not be entitled to any remaining funds."