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 through the court system and on August 26, 2016 the 4 th Circuit Court of Appeals for the State of Florida held, “[As] to liens placed on p