from the time of obtaining the quit-claim deed from the sale to turning around and actually selling the property, what steps have to be taken with regard to title, insurance, closing, etc.
Also, is there a way of looking at comparables in the area of the property without having to contact a realtor?
Thanks
What state are you planning on investing in tax deeds? I am thinking of doing the same thing. I am in Ga and talked with an attorney about the closing process. He suggested I try and get the owner to quit claim the deed to me…if that doesn’t work I could sell by owner finance. He told me the proplem is a title ins company will not issue a policy in a traditional closing…he also said it can run into a lot of money to go to court to clear the title.
DO NOT confuse tax lien states with tax deed states.
This deed ONLY gives you whatever rights and title the state had…suggest you google Jones vs Flowers and read the SCOTUS decision that came SEVEN years after the deed was given…they said it was invalid…as DUE PROCESS had not been done.
You can Quit Claim it out immediately after receiving it.
Normal title insurance is NOT available.
Tax Title Services of CA, may give title insurance, They charge $750 UPFRONT and then additional IF they will insure.
DO NOT rely on the late night TV Gurus saying you can get all this property for pennies on the dollar…READ…the small print that ALWAYS says, “UNUSUAL results…yours will vary…” It ain’t gonna happen.
Like any other form of real estate investment…INVESTIGATE before you INVEST…do your due diligence…you can and will get burned if you fail to do so.