Posted by MM(FL) on May 24, 2000 at 11:24:53:
Thanks for your response and sorry for the delay in answering your questions.
I would prefer to purchase this property before foreclosure. Especially since I have spoken to the owner, they are in my home town, and they do not plan to contest the foreclosure or pay the required payoff. I do not want to let this go to auction and introduce the same competition that attends the tax deed sales for this area. I have asked the County Legal Dept. what title I would get if I purchase at the auction and they said “ask an attorney”! I suspect it is similar to the clouded title of properties purchased at tax deed sale. I have done Suit to Quiet Titles before and it can take up to 6 months and $1,000 if all goes well.
I have a buyer lined up and need clear title with about 90 days.
I’ll take your advice to call an attorney.