Quit Claim & Quiet Title
I bought a vacant lot back in April of 2006 at a Tax Deed Sale. I never did Quiet Title the property. This property is now going up for another Tax Deed Sale in a few days. I received a letter from an investor offering to pay me a small fee...If I Quit Claim it over to him. Can I Quit Claim this property over - even though I never Quiet Titled it?
Also, do the any city liens ever go away?
Please someone answer ASAP, since I only have a few days to Quit Claim (if this is possible), before Tax Deed Sale .
Thank you so much!!!
why a small fee?
if you paid 500 for it, he has to pay you at least that?
First, it would help if people knew what state you are in.
Quote:
On 2009-01-26 12:14, lisaalec wrote:
This property is now going up for another Tax Deed Sale in a few days.
Why is it being sold again???? Did you not keep the taxes paid.
I received a letter from an investor offering to pay me a small fee...If I Quit Claim it over to him.
So he must think you own it.
Can I Quit Claim this property over - even though I never Quiet Titled it?
What is a Quit claim? It’s just where you relinquish all your rights over to someone. If you have rights then you give them to the other person. If you have no rights then you give that (nothing) to the other person.
Also, do the any city liens ever go away?
Again, don’t know what state state you are in but in MO yes I believe they go away.
Please someone answer ASAP, since I only have a few days to Quit Claim (if this is possible), before Tax Deed Sale .
Thank you so much!!!
It sounds like a quit claim and a check will put some jingle in your pocket.
If your plan is not to redeem and let it go to sale, take the money and run.
I would not volunteer the information about the city leins if the buyer does not ask, but if they do I would not lie about them.
I just found out that the tax deed auction on my property is for a certificate bought for 2005 taxes (bought in June of 2006). I thought that when I bought the tax deed in April of 2006 the amount included all delinquent taxes owed on that property...but apparently not!
Dec 08 I picked up 2 properties that had people in them. What to do. I just left them in the properties but told them I would want them out around 15 of march. Why. Weather. Pipes would freeze, then flood the properties so to me it was better to leave the people intact. Also makes them think i am interested in their welfare. Keeps them from destroying the place until I can do something. Perhaps there is something that would be of benifit to both of you. stretch your mind. I do realize we are in different states so this might not work for you.
cjmazur
you are right but as I live 250 miles from the properties it was just better all around, for me and them, to just let them live there until it warms up and I am in the area working on other properties. Besides the tax lien properties around the area are not million $ properties.
Carlos.... After buying distressed properties for 10 years or so, informal title searches back to the last mortgage are usually a 10 minute (max) excercise, which you can usually do from your home computer.
A 30-year title search is a $50 to $75 cost from a title company. Your choice.
[addsig]
Thank you for that info. Where exactly do u go on the internet for this ten minute search? Great info.