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Updated over 7 years ago,

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11
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0
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Bob Chapin
  • Boynton Beach, FL
0
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11
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Florida Tax Deed over 55 community

Bob Chapin
  • Boynton Beach, FL
Posted

Hello,

New here, this is my first post!

For the purpose of answering my question lets assume that I have won the tax deed auction and their is a lien for outstanding HOA fees. I am not 55 years old (51 years old). I have no intention of living in the unit, only to renovate, then resell.

So i get my tax deed. Is there anything the HOA can do to make this difficult for me? In these communities it appears they have to "approve" owners. Do they care? Or by the time I renovate and resell they won't bother to waste time with it?

As an option I could add my mother to the deed.  I would prefer to avoid this as will it create IRS tax implications?  Or could I set Tenant in common with her as 1% owner?

Any suggestions or insights would be appreciated.

Thanks. 

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