I have purchased numerous foreclosures in Maryland. I would ASSUME it would be the same here. The bank that now owns the foreclosed property is responsible for the expenses ( taxes, amenity fees, etc ) so that the property can be sold to the new buyer with clear title. Usually the only guarantee you receive with a foreclosed property is that it will have free and clear title.
This should , however have no significance in buying in TV. According to Realty Trac ( a company that specializes in providing info on foreclosures ) there are 2 bank owned and 1 auction properties currently in zip code 32162. Three homes out of what 30k ?????? is probably one of the best records in the country.
jeffy
|