Updated over 11 years ago on . Most recent reply
Tax deed auction
Hi everyone,
I am going to play at the tax deed auction in Florida. Just need some clarification: if I buy a mobil home at tax deed, which has a mortgage lien from SBA, will i be responsible for outstanding balance on that mortgage?
What can I do in order to avoid paying out the previous owner mortgage?
Did you hear about tax title services company? They do certification process and say that I do not need to do quiet title action if I use their services. Any opinions?
Thank you in advance for your help!
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#1 Foreclosures Contributor
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- West Palm Beach, FL
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#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
I would go with your attorney's advice. If the MH is Not included with the tax auction land, and it is separate, you will Not get title to the trailer as why would a secured lender just hand over their collateral. I learn something every day....I just googled the retiring title thing, and one of the requirememnts is the lien holder releasing their lien on the MH.