How To Bid Online Florida Foreclosure Auction
Florida counties hold their auctions online.
What is the minimum bid for these properties? Is it the final judgment amount?
Yes I am new to the online auction and would like too know what PLANTIFF MAX BID, FINAL JUDGMENT is.
Most Popular Reply
If I'm looking at a foreclosure that closed, and the winning bid was $198k. Final judgement was $493k and the plaintiff was a bank and their max bid was "hidden". After reading the previous posts, the bank would be out almost $300k that was owed to them and the third party bidder bought the house for $198k. Is this right? And if so, If I was the buyer, my concern would be other liens that may be on the property such as HOA, Federal, etc. How would I as a homebuyer protect myself against that?