Miami-Dade foreclosure auction site baffles bargain hunters
A new online foreclosure auction system started with a mission of quickly moving a chunk of foreclosed properties while opening up the bidding process to regular folks.
A little more than a month later, some of the newcomers who bought property online say they were misled by the site and ended up spending thousands of dollars on condo liens and properties laden with hefty mortgages.
In some cases, after purchasing, they found the properties were still subject to foreclosure.
Miami-Dade County Clerk of Courts Harvey Ruvin said the online auction process is working as planned, and the few complaints he has received have come from people who did not take the time to understand the process.