Investor · Clermont, FL · Member since 2015 · 51 posts · 3 votes
i am reading the court documents regarding an HOA foreclosure property that i am interested in and i noticed that there is a line that says" Any person claiming an interest in the surplus from the sale, if any, other than the property owner as of the date of the Lis Pendens must file a claim within sixty (60) days after the sale"
can the tenant, property manager, family of the owner, MY FRIENDS, claim this money? can i put a stop to it if i win the bid ?
Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
9y
No. Lien holders, in order of their lien, can collect. Any money left over, or if there are no liens, goes to the owner. The exception is HOA Foreclosures, where 99% of the time the surplus goes only to the owner, since the HOA's don't name any junior lien holders as defendants, and the first mtg holder is not eligible for the surplus. No one without an actual interest in the property has rights to any surplus......"no" to all those you mentioned.