Edward Thornburg's Q&A

Thanks Ice L.I tried your suggestion but there was not an option or dropdown option available to delete favorites that I could find.Anymore suggestions??Thanks Ed T.

The new government guideline allows tenants in foreclosured properties 90 days to move after you buy a foreclosed property as long as they pay rent.  I don't believe this applies to current owners living in property.  Should the Federal  Government be involved at all in State Landlord/Tenant Law?  This may make a tenant feel good but what about the homeowner who only has 10 days to move from sale date.  This is in Florida and Florida Law from what I understand.  Now it seems to me that a federal law would carry with it a new requirement for foreclosing attorneys to give a notice to this affect in the Foreclosure Judgement.  If so, what canned statement should we be looking for in a final judgment when we buy a foreclosue at the courthouse steps.  Does the tenant have to pay the new owner within days,. weeks or what and what if the tenant just paid the old owner rent - Do they have to pay the new owner rent within the 10 days move out period under Florida Law.  Hope some attorney can answer this since we're in the Forelcosure business.

It's always posted in the County Website under your county property appraiser.  If they don't have a website then you may have to go to the county property appraiser's office to look up the information.  The big question is who cares who the owner is when you are buying a property as long as you get title insurance?  If it has clouds on title it will be found by the title company.  Never buy a property without title insurance even from a relative to be on the safe side.  There are too many possibilies that a lien exists from IRS, 2nd Mortgage, Vendors, Probate, Domestic case with child support, mechanics liens etc tht are unpaid.Ed T.