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Updated almost 10 years ago on . Most recent reply

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Jefferson Grant
  • West Palm Beach, FL
0
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8
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quit claim deed on a foreclosing property

Jefferson Grant
  • West Palm Beach, FL
Posted

Friends,

I had my eye on a foreclosure purchase in Palm Beach County, Fl.  I noticed that a year ago, party B was added via quit claim deed.  Party A is the party that was issued the warranty deed and mortgage.  Will the winning bidder own the property outright? Quieting of title needed?

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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,511
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

@Jefferson Grant You don't really need to avoid them, just be aware.  If a lien has actually been recorded, then it's easier to guess the debt, just add a couple thousand for atty fees.  And some hoa management co.s, right or wrong, will give you a ball park of past dues, when there is no recorded lien.  Also, I never bid on a foreclosure without knocking on the door first.....you never know what you're going to learn.

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