Buying foreclosed homes fromcourthouse

Asked almost 2 years ago - Tampa, FL

when buying a home through a foreclosure auction held by the court sometimes right after the winning bidder has paid for the auction during the 10 day period to issue the new title the is alien filed by some lien holder hoping that the new owner gets stuck with this note.
how legal is this practice and how can someone protect himself from that.

Attorney answers (2)

  1. Barbara Billiot Stage

    Pro

    Contributor Level 20

    4

    Lawyers agree

    Answered . It depends I on the nature of the lien. For instance HOA and condo debts are not extinguished by foreclose. The debt runs with the land.

    Seek legal advice from a real estate attorney before trying this.

    This communication is not intended to create an attorney/client relationship. It is always recommended you consult... more
  2. George Joseph Trovato

    Contributor Level 9

    Answered . you should conduct a title search at the courthouse where the property is located before bidding on a home

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