Fire Due Foreclosure
There is a house that is being foreclosed on for failure to pay fire dues. There is no other mortgage on the property. Surely that doesn't mean you can buy this house for the fire due amount does it? I am only familiar with dealing with first mortgage sales but in this case, they paid cash.
Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
If you were the only bidder to show up.
The house is worth at least $450,000. Guy has an HOA lien and a fire due lien. Hasnt paid either in 7 years. i know right of redemption applies. guess I need to find a real estate attorney
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