Auction Post Purchase
I was wondering, in the state of Florida, if there is a 10 day period that a homeowner can "buy back" their property. can someone buy their house from them for what they owe, saving them from loosing everything? if so, does the new "saving" price have to meet the auctioon price?
basically - a house owes 150, sells in auction for 250, worth 350.
If that law does apply here in FLA, and they can indeed buy it back, do they have to pay 250+ or the original 150 they defaulted on?
also, if they do buy it back, does the iinvestor at the auction get a 100% refund?
Thanks
also, if you know a refrence for me to research this topic.... please inform me. Thanks a lot
Read the Florida Statues regarding the foreclosure process....I am sorry I dont know what # it is, I know for tax auctions it is chapter 197......for foreclusre auctions it is another chapter.....but figure out the chapter and read it 5 times! It will be confusing legal mumbo jumbo at first.....on the 2nd and 3rd read, you will have all the answers to your questions.
[addsig]