Newbie looking for an advice - online FL foreclosure Auction!
Hello! My name is Angela. I am looking to invest into some properties in Florida. I would like to stay more or less safe and buy only condos in the area I know. I already own one and love the community. I have a question about online auction. I read couple books, tried to read all I can find online. What I understood that EVERY auction must finish with amount greater than judgement amount otherwise plaintiff gets the property, but this is not the case I am seeing. For example, I see several auction ended today. Judgement amount is $ 53,246.71, winning bid is $25,200.00. And it is not plaintiff, whenever it is a plaintiff it is says on the auction. So it is a third party that got the property. So what is up with this? How does this work? Thanks in advance! Looking for many great suggestions.