Clifton, NJ asked in Contracts and Foreclosure for Florida

Q: If I was to buy out a lien that's passed due how long before I can foreclose on said property

Related Topics:
ContractsForeclosure
2 Lawyer Answers
Andy Wayne Williamson
Andy Wayne Williamson
Answered
  • MIramar Beach, FL
  • Licensed in Florida

A: What type of lien? How long has it been filed?

I can't answer without this info.

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Mark Siegel
Mark Siegel
Answered
  • Foreclosure Defense Lawyer
  • Sarasota, FL
  • Licensed in Florida

A: Sorry to say, but it is not a simple answer. It depends upon the type of lien and other factors. Is it a mortgage? If so, you need to have an assignment of the promissory or it needs to be endorsed in blank and physically given to you (a very rough summary - - see an real estate attorney). Is it a construction lien? Other requirements apply. A mechanics lien? Same. Same answer, before you pay and funds, have the transaction reviewed by an experienced real estate lawyer.

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