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Updated over 5 years ago on . Most recent reply

User Stats

74
Posts
17
Votes
Lisa Monroe
  • Real Estate Investor
  • Washington D.C.
17
Votes |
74
Posts

How To Bid Online Florida Foreclosure Auction

Lisa Monroe
  • Real Estate Investor
  • Washington D.C.
Posted

Florida counties hold their auctions online.

What is the minimum bid for these properties? Is it the final judgment amount?

Yes I am new to the online auction and would like too know what PLANTIFF MAX BID, FINAL JUDGMENT is.

Most Popular Reply

User Stats

1
Posts
3
Votes
Al Rich
  • Fort Myers, FL
3
Votes |
1
Posts
Al Rich
  • Fort Myers, FL
Replied

If I'm looking at a foreclosure that closed, and the winning bid was $198k. Final judgement was $493k and the plaintiff was a bank and their max bid was "hidden". After reading the previous posts, the bank would be out almost $300k that was owed to them and the third party bidder bought the house for $198k. Is this right? And if so, If I was the buyer, my concern would be other liens that may be on the property such as HOA, Federal, etc. How would I as a homebuyer protect myself against that?

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