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Updated over 11 years ago on . Most recent reply

Mike T.'s profile image
Mike T.'s profile image
Mike T.
  • Investor
  • from Tampa, FL
  • Member since Jun 25, 2012
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User Stats

94
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26
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Mike T.'s profile image
Mike T.'s profile image
Mike T.
  • Investor
  • from Tampa, FL
  • Member since Jun 25, 2012
Connect
Mike T.
  • Investor
  • Tampa, FL
26
Votes |
94
Posts
Buying & Selling Real Estate

Qualified vs Unqualified Sale Florida

Mike T.
  • Investor
  • Tampa, FL
Posted

I have a lead with a seller who says they have a very large mortgage on a house. According to the county tax accessor the house was sold for 69,000 six months ago as a unqualified sale.

I know that a unqualified sale could be a foreclosure or between relatives. Can someone help me understand how this property has a mortgage over $150,000?

Thanks For your help.

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