Legal Question in Real Estate Law in Florida

Your question points out why people should consult an attorney before buying property. Courthouse step sales are NOT a financial activity for novices. Generally, if a 1st lienholder forecloses, and the property is sold at "sheriff's sale", then subsequent lienholders (mortgagees) are left without recourse, because they were supposed to have received notice of the foreclosure. However, if a 2nd or 3rd level lienholder forecloses, then the buyer takes the property subject to all superior liens, including mortgages.