Legal Question in Real Estate Law in Florida
In foreclosure of a timeshare by the HOA for unpaid assessments, does this wipe out all other liens to the property? I see a mortgage for this property (funded by the timeshare developer) when it was filed, but there is no lien filed for it -- does this get wiped out upon sale?
It is a relatively low $ property (<$1000) and I'm willing to gamble, but would like to do some due diligence to figure out if I might get burned here.
Asked on 8/07/13, 1:42 am
1 Answer from Attorneys
Barry Stein
De Cardenas, Freixas, Stein & Zachary
The only liens that are wiped out are those included in the foreclosure which are inferior. Do a title search. Hire an attorney. Don't just gamble do your homework.
Answered on 8/07/13, 4:28 am
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