Buying Foreclosures in Florida Versus Other States

[Talen C Honeck]

Are there any good resources out there to familiarize yourself with the unique ways different states handle foreclosures and what to look out for in those states? Specifically, I would love to know the risks of buying foreclosures in Florida and how to avoid them.

I currently work for a very large real estate investor in Virginia who flips hundreds of houses a year and would love to replicate his model in Florida (to be closer to family). I am involved in the buying side on comping and repair plans but not as much on the legal aspect just yet. Although I am getting exposed to the risks of bidding on them in Virginia, I will have to learn a lot more about how Florida handles that. It puts me in an awkward position because I am not a newbie but my knowledge is deficient in an area I need to be an expert in if I want to put the rest of my experience to work.

Anyone out there who can help me and others like me close this knowledge gap?