The Third District Court of Appeal ruled against a Coral Gables-based investor who found out too late that a property it purchased in foreclosure came with more strings than anticipated.
Residential buyer Thriving Investments LLC was a third-party buyer in a judicial foreclosure sale. It paid about $300,000 for the real estate in Miami’s garment district but later learned it did not own the property free and clear and was subject to a pre-existing debt.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
