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Property bought back in foreclosure auction by the bank that foreclosed??
Without giving legal advice, the Plaintiff gets a money judgement. He then can foreclose to execute his money judgement. The judgement is considered cash at the sale. The Plaintiff can use the money judgement "cash" to bid on the house. Very fair.
4 months ago
0
Tax Deed vs Foreclosure Implications
In FL, tax deed sales do NOT clear all existing liens. Each lien holder has 120 days to file a claim against surplus funds remaining after the tax deed sale. The claimants must submit supporting documentation to show what is owed to them.
AFTER 120 days, their right to monies owed is extinguished.
The same is true when a first lien files a foreclosure in a judicial state. Jr lien holders have a limited amount of time to file a claim against any surplus monies retained by the clerk.
Wh...
2 months ago
