Must Read For Florida Foreclosure Auction Investors
As promised, here are the cliff notes for a recent 4 th District Court of Appeals case that interpreted the Lis Pendens statute and how it applied to a foreclosure case. Warning: its super boring, dry, legal talk, but if you purchase foreclosure properties it is a MUST READ. The basic timeline for the facts of this case are as follows: - Bank filed a Lis Pendens (LP) against a property they were foreclosing. - . Sometime around September 2008 the bank obtained a final judgment - Beginning in July of 2009 – October 2011 the Town recorded 7 liens against the property for various code violations. - The house sold at auction in 2012. - In 2013, James Ober, the winning bidder at foreclosure auction filed suit to quiet title, attempting to strike the Town liens against his property. The case trudged t...