Florida Foreclosure Auction Web Sites Confuse Consumers

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Real estate auctions are bringing real estate buying opportunities to many. To help you avoid making a big mistake, this article will explain the. co-founder of House Heroes LLC, a Florida real estate investment. or visiting their websites for information, then following up by phone to confirm the details.

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In Florida, an auction sale of foreclosed properties typically happens within 30-60 days after the foreclosure judgment is entered via court ruling. In most localities, your county clerk’s office will be your primary source of foreclosure property auction details. (They also deal in tax auction sales – make sure you know the difference).

We're going to the foreclosure auction today, this is what we need! Florida foreclosure auctions are not for the inexperienced and another example of that happened on June 8th. This is a case of why you should spend $150 for a title search before bidding. An Orlando couple thought they had gotten a kick-ass deal on a condo overlooking the Gulf of Mexico.

(The lender usually makes a credit bid at the foreclosure sale.) If the lender is the highest bidder, the property becomes REO. Certificate of sale. Under Florida law, the court clerk must promptly file a certificate of sale after the foreclosure sale takes place. (Fla. Stat. Ann. 45.031). This usually occurs within one day of the sale.

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