All Forum Posts by: Brandy Horkey

Just a quick update for everyone. I just met with my potential buyer. She brought her husband and parents. They were very nice people and we really enjoyed talking with them. I let them know that I have to do more research into the demo lien this week and explained the options of a QC and QT. They want to go with the QT option with the understanding that it could take some time. I have more to learn and many more questions to ask but I feel confident about the buyer for now. Also, we did a more thorough walk of the property and found that there was a dock over a canal at one point. It’s overgrown and a mess back there. I don’t have the funds to keep the property and add a house to it but with a little TLC, this will be a beautiful property for someone. To those of you that have offered some level headed advise and words of wisdom and encouragement, a BIG thank you! To the couple naysayers, no firearms were needed in this process and I hope that you find some positive experiences in your endeavors that will help you to not look so negatively at a situation.

oh my gentlemen!  In case you missed it, we had some massive hurricanes come through this summer. It essentially wiped out the islands south of Orlando. There are thousands of Puerto Rican’s flooding into Florida looking for a safe place to live. This lady has her parents living with her but they want to find a spot that is similar to where they used to live.  They want to buy a mobile home and place it on the lot. 

I listed the price higher than comps but you must understand that this is a very low dollar transaction and in cash. I am talking a difference in a couple thousand dollars, not tens or hundreds. And yes, she is trying to negotiate the price down. 

I do not plan to just sign my deed over to this lady on the spot. I’m not stupid and I have some other loose ends that need to be tied up first. 

Personally, I wouldn’t want to live in a hotel and I certainly wouldn’t put my folks up in one if I could afford to buy them a place. But that’s just me

@Rob Drum every state is different. For this situation, it will come down to a matter of surviving liens. In Florida, the tax deed is superior to most other liens, but not all. But I hold ownership of the property. In other states, there could be an extended redemption period in which the previous owner could still pay taxes and redeem. 

For me, it has been helpful to read every government website concerning the process, state laws, and of course BP. 

@Wayne Brooks  Parcel ID?

@Wayne Brooks  Ok, you gave me enough to chew on for one night :) I will definitely be making some more phone calls on Monday and seeking out some legal advise.  This would be a cash transaction but I don't want to get stuck later on.

Thanks again!

@Account Closed This will be a very low cost transaction and I am the seller.  As for comps, the price offered is over all other comps that I was given by the real estate agent as well as what I was able to find and even over what the agent offered to list it for initially without much conversation.  My concern is that I do not want to conduct a shady transaction where someone could come back to me later on and screw me in the end.  I want to be honest with the buyer so that we both walk away confident that we made a good deal.

@Wayne Brooks That makes sense.  Just one thing I want to be sure I am clear on.  When you say they could not get a loan on the property, do you mean that they could not take out a loan using the property as collateral or that they could not get a loan for the mobile home they would want to place on the property?  Thanks so much for your comments, I really do appreciate it!

Also, I did a little research of my own and found that there was a demolition of the mobile home that was on the property in October, therefore a demo lien.  I've checked the statutes and it seems that the rule is that the excess on the auction would go to the county to satisfy the demo.  I will be calling the county on Monday to confirm. 

@Tom Gimer They plan to put a mobile home on the lot.

@Wayne Brooks I just spoke with the lady that is wanting the property and she let me know how much money she is willing to spend and it is still within the price range I was hoping for.  Her parents are relocated here from Puerto Rico after the hurricane and she wants to pick them up a place fast.  I am going to go meet with her tomorrow at the property to discuss more. 

Would it be possible to talk with you privately to get a little more info on the quit claim process?  I am super excited but scared to death and do not want to make any mistakes.

Hi!  I am not sure if this is the correct forum to post this in, but I just purchased a vacant lot in Haines City, FL through the county tax auction.  I'd like to flip it quickly but I am not 100% sure on my next steps.  I talked to a real estate agent in the area and she offered to list it for a little less than what I would like to get out of it, citing similar sales in the area.  I posted the lot on Facebook for a higher price (Still lower than what I think it can turn) and already had someone go by the property and come back telling me they are very interested.  I received a couple other "interested" responses.  So I have a few questions:

1. I know the Tax Assessor will take a few weeks to update the property to show me as the owner, can I still attempt to sell in this time frame?

2. Do I need to quiet the title before I make a firm deal?

3. Is there anyone out there that could reach out to me one on one for some sound advise?

Thanks in advance,

Brandy