Foreclosure in Orange County, Florida

[Naba Tumurbaatar]

Hello everyone, 

I am new investor in Orlando, FL. I am planning to get into foreclosure online auction. However, having little confusion and fear to start it. 

When i look at the auction online it always says the final judgement amount... Is this something i have to pay after i win the bed. Is it something i don't need to worry about?

Also do i have to pay title agent to check the title clean or not before i bet on property? Or dont need to worry about the title at all?

I would love to learn on foreclosure process in Orange County FL

Thank you so much in advance.

[Todd Hutcheson]

You should not go anywhere near the auction steps for foreclosures unless you are an experienced investor and you are not from the tone of your questions.

The bank may or may not bid up to their final judgement at the sale. No way to know.

Yes, you should do your own title search at a minimum and probably do a search on any that you intend to bid on.

The clerk of courts pays the bank any money received from your bid. You only need to worry about it if you are bidding on a second mortgage or HOA lien. I would suggest learning more before bidding. You will get slaughtered.

For instance, did you know that you do not own the house for 10 days even though you have put up all the money? 11th day certificate of title is issued from clerk giving you ownership.