All Forum Posts by: Sa Nied

It looks like they charge around 18%. If so, there is much cheaper money available...IMHO

If the bank is in the first position lien, then yes all gets wiped out ..except irs, child support and hoa. I believe this is a fact in FL. Those all have to be negotiated... Hope this helps

Wayne,

A tax deed does NOT wipe out HOA debts in Hillsborough & Pinellas counties... I have been through this many times... It also will NOT remove child support and IRS liens. You have to negotiate those separately. They are all exempt in the counties I mentioned.. Not sure about rest of FL..

Welcome.. Best advice I could give is find a mentor and have fun..

Just my thoughts...

FYI.. Per Fla Stature 197. 562. Grantee of Tax Deed is entitled to immediate possesion...

Hope this helps..

Thanks to all for the investigative info..

I for one appreciate it....

One of the best ways we have found is to talk with other rehabbers/investors.

This way you can SEE the finished work and have the scoop as to who is the good,bad,ugly. This is how we built our team..

I will without a shadow of a doubt agree with SAC REAL ESTATE building a solid team is priceless!!

Mark,
Your statements make a lot of sense in this case, so THANKS for the input.

If I buy from an auction @ the county courthouse and the first mortgage is the one that is foreclosing, does the second disappear at auction or am I as the winner of the house responsible for that note?