Legal Question in Real Estate Law in Florida
Purchaser's liability when buying at Foreclosure Sale
If I purchase a house at Foreclosure Auction, knowing there are numerous liens against the former property owner, including Child Support, IRS, builders and construction suppliers, what are the limits of my liability for these debts? Are they dropped at the time of the sale, or do they become my problem?
2 Answers from Attorneys
Re: Purchaser's liability when buying at Foreclosure Sale
Any lien which survives the foreclosure judgment and sale are not wiped out. Any purchaser at a foreclosure is cautioned to carefully examine all records that may affect clear title.
Re: Purchaser's liability when buying at Foreclosure Sale
The liens are paid off or wiped out by the foreclosure. No one should buy subject to any liens.