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FL Tax Deed/Lien Sales Title questions and clarifications...

Greetings y'all! I've been researching Tax Deed Sales here in FL and I have a few questions I'm till unclear about.

  1. When you go to the Tax Deed Auction, are you bidding UP the prices, like a normal auction, or bidding DOWN the interest rate on a Tax Lien Purchase?
  2. Assuming you "win" the Auction, you pay for it at the time and then get the "Deed" to the property, which entitles you to "use" it. However, as I understand things, the TITLE does not convey with the DEED, per se. If I don't have "Clear" and/or "Insurable" Title, what happens? How can I tell if there are any Title issues before I purchase the Deed at auction.

Title = Collection of intangible "Rights" to a property, but no physical document.

Deed = Physical Legal Document that allows someone to physically access and "use" the property.

How can I ensure both are good to go after purchasing the Deed at auction? Thanks. Cheers!

submitted by /u/geetarzrkool
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/11as0qo/fl_tax_deedlien_sales_title_questions_and/
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