One common myth is that the prior property owner will receive the surplus of any bid over the unpaid taxes. It’s possible, but not that likely. The order of priorities for any surplus is:
- Government agencies with liens on the property;
- Mortgage holders and other lien holders in order of date priority;
- Prior owners, beneficiaries or heirs;
- State of Florida Department of Financial Services Unclaimed Property Division.
So the mortgage and other liens get paid first.
For further information about tax deed sales and quiet title actions, please contact Arkovich Law and check out our Quiet Title Section of our website. If you really want to see what our clients are saying about us check out our client reviews as well.
