Legal Question in Real Estate Law in Florida
lein holders
i puchased a house at a foreclosure sale, a subordinate lein holder went unnamed or noticed.
what are my options ?I've heard other bidders at the sale mention a reforclosure. Is there such a thing?
2 Answers from Attorneys
Re: lein holders
Never heard of it.This is the danger you face purchasing at a foreclosure. Usually, there are no warranties and you must do your homework.
Re: lein holders
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Unfortunately, this is a danger of buying at a foreclosure sale without doing your homework by reviewing the title in advance. You are now responsible for the lien if you want to clear the title. I am unaware of any procedure to reforclose the property to wipe it out. What basis would you have? Why would your rights be primary to anyone else who already filed a lien? You should try to contact this lienholder and make a settlement if you can.
Scott R. Jay, Esq.
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