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Updated over 6 years ago on .

User Stats

7
Posts
1
Votes
Chris Copenhaver
  • Investor
  • Tampa, FL
1
Votes |
7
Posts

court house auction question

Chris Copenhaver
  • Investor
  • Tampa, FL
Posted

I'm looking to purchase a home coming up at the court house auction. It has already been sold once as a HOA foreclosure and is now owned by a LLC. Now the first position lender is foreclosing. I know for the most part the new owner who purchased the HOA foreclosure would be wiped out. Would the current LLC owner have any right to challenge me if I were to win?

My concern is that I have been told if the HOA docs have certain language that it could wipe out the first position mortgage. I have an acquaintance who buys HOA foreclosure with this certain verbage so I am scared to purchase anything where the HOA has already forclosed. In Tampa this makes up a bunch of the foreclosures auctions I search. Any insight would be greatly appreciated.