Be Very Careful Buying Condos At Florida Foreclosure Sales #9

Buying real estate at foreclosure sales is one of the smartest ways to get properties way under market value. However, in Florida and other states, buying condominiums, properties governed by Homeowners Associations (HOA's) or Property Owners Associations (POA's) can be very risky. Under Florida Law, a non-bank- third party purchaser, takes the property subject to all outstanding liens and assessments. This could be an insignificant sum of money or it could be quite substantial. Some condominium...