Hi David,

Great question that many people make mistakes. From my experience handling numerous foreclosures in South Florida, I strongly recommend not purchasing these properties in your personal name. When someone loses a home to foreclosure, they often have additional outstanding debts. Creditors and other parties may try to come after whoever owns the property, even if you’re not legally liable for those debts.

That’s why it’s best to buy through an empty LLC or corporation that has n...

Hi Farah,

Tax deed investing definitely has its own details, but it’s not as complicated as it might seem at first glance. The good news is that tax deeds in Florida usually give you an “almost” clean title, meaning mortgages, HOA, and mechanic liens are typically wiped out.

I actually wrote a book about foreclosures in Florida, and there’s a whole chapter dedicated to tax deeds explained in plain, simple language. If you’re interested, you can check it out here: https://a.co/d/4yZlV2r....

Hola Angel,

I assume you're referring to the plaintiff's maximum bid, which some counties display while others don’t. That amount represents the maximum price the plaintiff (usually the lender) is willing to pay to keep the property. It's often equal to the final judgment, but not always.

In your first example, where the plaintiff’s max bid is higher than the property’s value, it likely means the lender believes it’s still a good deal to take it back at that price, possibly expecting ...

Hola Veronica,

Yes, you can withdraw your funds from your auction account. Palm Beach County uses the RealForeclose web platform, which actually makes the process pretty simple. You just request your funds, and after a few business days, they’ll send a check to the name and address you have registered on your account.

Just keep in mind it can take a few days or sometimes even a couple of weeks to receive the money, so double-check that your information is correct on the portal before re...