I reside in Florida and am interested in purchasing a property at a tax deed sale. I found on the property's title search that there was a notice of lis pendens filed on 1/31/2006 by the mortgage deed holders. However, there was never any more action taken to forclose on the property. If I do purchase this property at the auction will I be able to obtain a quit title inorder to sell the property or will the mortgage holders have a right to claim it?

LO903

The lender has been notified of the upcoming sale, per Florida statutes...by intention or by accident, if they let it go (I believe they will redeem)...unless it is a government lien, it has no affect on the property after the sell.

I believe the lender will pay the taxes and continue foreclosure. Please post back, I am interested to see what happens.

HTH,

M

Fr_Chuck

yes except for government liens, all liens will not carry over to the new buyer. ( in all areas where I have bought properties at tax sale)

But as noted, I can't ever remember any home with a mortage or lien from a bank, or mortage company ever actually selling at tax sale.
They merely come in a few days before the sale and pay the taxes and add it to their lien.

Now this one may not, but I have not personally ever seen one with a mortage ever actually sale at a tax sale.

I have not bought in Fla, do you get a tax deed that day, or merely a certificate to redeem after a certain time period there ??

LO903

I have seen many times where the mortgage company no longer exists or it is a private mortgage, but generally, they will not even let it get so far as the auction list...