Texas Tax Deen Sale
Does texas really pay %50 a year? This sounds to good to be true?? I have about 50k to invest. This mean I am guranteed 25k a year?? There has got to be a catch somewhere? Someone help me on this. Thanks
You could file a Quiet Title Action. It is a lawsuit filed in civil court to resolve adverse claims to property. It is used to determine the ownership of a property or an interest in it.
The filing fee is about $320.00 here in California, however most attorneys charge over 10k to do one.
10k!!!
That is so expensive....sorry CA guys.
I have found them to be around 2k, but thats down here in FL.
Another option would be to get the former owner to sign a quit claim deed to you...and file it with the clerks office. But processes could be different in CA.
Is it possible to sell with just a tax deed ( which I have)? $10 K is way more than how much I am asking for the lot. May be I can go through the whole court process myself, without the legal help. Is it even worth it? It says on the county web site that the redemption period for the owner expires the day before the tax sale. Since I bought that lot 3 years ago, there is not much chance someone will show up now to claim the property. What do think?
Miamicrasiest, what do you do when the previous owner is nowhere to find? Or, worse, if the previous owner signed several QCD to different people ( I heard something like this is possible, although I never had that experience).
Thanks for your answers.
I forgot to add if it is a cash buyer, you shouldnt have any problems just selling as is. The title insurance issues only arise when a buyer is trying to mortgage the prop.