Updated over 7 years ago on . Most recent reply

Florida BOA REO Auction Property found to be CONDEMNED!
Hi everyone,
Any ideas and guidance welcomed.
I bid on an REO being auctioned on a popular auction site.
All of the processes seem to be running well until I received the lein search and found that there were code violations declaring the property uninhabitable.
I believe that the issues found are repairable, but it will take a significant amount of money relative the the value of the property.
Any suggestions on how to proceed?
-A
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Wayne Brooks
#1 Foreclosures Contributor
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This doesn’t seem to be lien issue, but more of a “needs mire work than I thought” issue.