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Updated almost 7 years ago on . Most recent reply

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144
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54
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Elvis Vasquez
  • Accountant
  • Miami, FL
54
Votes |
144
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Miami Foreclosure process (from courthouse auction)

Elvis Vasquez
  • Accountant
  • Miami, FL
Posted

Has anyone here completed one of the courthouse foreclosure auctions before?


If so how was your experience in dealing with the remaining mortgages and the over-all process to clear the title?

Also how did you deal with prior owners that were still living there?

Most Popular Reply

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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

IRS liens are essentially a non issue....they have 120 days to redeem (pay you back) and never do, the lien goes away. Your fees are 1.5% to the clerk of courts, 0.7% doc stamps, plus less than $100.

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