Tax Deed Sale In Florida
This question may be repetitive for some of you but since this is a new area of investing for me, can some one tell me the FL Statute (197 something???)that indicates whether or not a mortgage is wiped out at a tax deed sale? I am getting mixed messages from local investors. Thanks.
Reference Chapter 197 of the Florida Statutes for more detailed information on Tax Deed procedures.
Chapter 197.502 & 197.582 Florida Statutes - as interpreted in the Florida Department of Revenue Property Tax Rules, Chapter 12D of the Florida Administrative Code.
You can go to http://www.flsenate.gov/Statutes/index.cfm?Tab=statutes&submenu=-1 for Florida statutes.
Governmental liens & judgments survive the issuance of a tax deed and are satisfied to the fullest extent possible with any overbid monies from the sale. Governmental liens not satisfied in full survive the issuance of a tax deed.
According to Ch 0197-Section 20562 "Florida Statute 197.562 the grantee of any tax deed shall be entitled to the immediate possession of the lands described in the deed.
I hope this helps!
[addsig]
Thank you!
Hi, I am also an investor in South Florida. This may help you:
http://www.flsenate.gov/Statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=Ch0197/SEC432.HTM&Title=->2003->Ch0197->Section%20432