I won an online auction from the clerk of court for a Miami condo without doing my due diligence of a title search. Since the purchase, I discovered that there was a $45,000 dollar mortgage registered on the property in 1998 and now the lender has filed a LIS Pendens after the property corporation recived judgment.
I have not received a purchase certificate or property deed from the county yet. Will the county issue a certificat of title or deed (what is the difference)?What are my rights and who has right to the property, me or lender? What am I liable for if and when the deed/title is issued to me, will I have clear title of the property or can the lender come after me and the property/mtg? Please advise.
Thank you for your assistance.