Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago on . Most recent reply

User Stats

171
Posts
148
Votes
Pancham G.
  • Investor
  • Jericho, NY
148
Votes |
171
Posts

Tax deed auction in FL

Pancham G.
  • Investor
  • Jericho, NY
Posted

Hello,

I am looking into purchasing a property at a tax deed auction in Florida. I have a few questions and i would appreciate if someone can help me with them.

1) As per Florida law, the county does a lien search for last 20 years and notifies are the lien holders about the tax deed auction. Is this lien search sufficient or do you guys do a full title search?

2) What happens to judgement liens after a tax deed auction? Are they wiped if surplus is not enough to pay the total lien amount and the lien holders were properly notified about the auction?

3) What happens to IRS liens after tax deed auction? Are they wiped if the surplus is not enough and they were properly notified?

4) My understanding is that all the liens except county, municipality, code enforcement liens are wiped. Is that correct? Are there any other liens that are not wiped?

5) What happens if county's lien search misses a lien holder and the lien holder shows up after the auction? Will the buyer end up taking the loss or will the county correct it by either canceling the sale or compensating the lien holder?

5) Can someone please recommend an attorney who can guide me before and after the auction? 

Thank you

Regards

Pancham

Loading replies...