Florida | Real Estate Law
5/17/10, 10:30 am
Legal Question
I purchased (last month) a property at the condo forclosure sale subject to the first lien (1st mortgage).
The bank (first lien holder)has a judgment and It is going to foreclose the property in 15 days.
When I bought the property I didn't know about the existence of that 1st lien (judgment for foreclose) and I am not interested in paying it because is much more than the value of the property.
I have a Certificate of sale from the court. Is that coming foreclose affect me in any way? How can I be out of this problem? Thank you for your advise.
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