Updated over 6 years ago on . Most recent reply
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?