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Pancham G.
  • Investor
  • Jericho, NY
148
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171
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Tax deed auction in FL

Pancham G.
  • Investor
  • Jericho, NY
Posted

Hello,

I am looking into purchasing a property at a tax deed auction in Florida. I have a few questions and i would appreciate if someone can help me with them.

1) As per Florida law, the county does a lien search for last 20 years and notifies are the lien holders about the tax deed auction. Is this lien search sufficient or do you guys do a full title search?

2) What happens to judgement liens after a tax deed auction? Are they wiped if surplus is not enough to pay the total lien amount and the lien holders were properly notified about the auction?

3) What happens to IRS liens after tax deed auction? Are they wiped if the surplus is not enough and they were properly notified?

4) My understanding is that all the liens except county, municipality, code enforcement liens are wiped. Is that correct? Are there any other liens that are not wiped?

5) What happens if county's lien search misses a lien holder and the lien holder shows up after the auction? Will the buyer end up taking the loss or will the county correct it by either canceling the sale or compensating the lien holder?

5) Can someone please recommend an attorney who can guide me before and after the auction? 

Thank you

Regards

Pancham

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