[vmb8990]

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 mortgage or lien from a bank, or mortgage 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 mortgage 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 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...