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Have We Won At Auction?
A few days ago I posted A Night Before Auction.
It is when adrenaline in rushes in your blood and you are getting all excited in anticipation. There was going to be a fight and we knew about it. The reason was that the first mortgage was small, and the judgment was just about $62K on a condo in Royal Atlantic in Daytona Beach Shores, valued at more than $200K. There was a much bigger second mortgage, but in foreclosure second lienholders usually do not have any say.
We checked with the association and they were glad to tell us that the owners owed them over $10K in unpaid association dues.
The morning of the auction we checked the computer, and yes, it was not taken off the list. So, we drove to DeLand to the County courthouse, went through the checkpoint, and went to courtroom. The condo was one of the last on the list, and we sat through the auction, until the condo was announced.
I was quiet until the initial rush was over and the officer of the court started counting. Then I jumped in and from this point there were two of us, bidding for this ... more

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