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Updated over 3 years ago,

User Stats

214
Posts
106
Votes
Marc Middleton
  • Residential Real Estate Broker
  • Miami, FL
106
Votes |
214
Posts

FL Investment Property owned by LLC is dissolved - What next?

Marc Middleton
  • Residential Real Estate Broker
  • Miami, FL
Posted

I don't know if this is a dumb question or not, but I've seen properties in Miami/Broward owned by LLCs that if you look them up on Sunbiz, the LLC is dissolved for non payment, non filing of annual report, etc.

My question is - now what? Can someone just re-activate the LLC and take it? How could this person legally sell their property at time of closing when the LLC is inactive? What legal ramifications do owners face?

Was doing some surfing tonight and just saw that 2 of my landlords have dissolved LLCs and I'm worried about what can come in the future if they don't fix it quick. 

Thanks in advance! 

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