Want to know how to get a clear title on a tax deed? Ted Thomas, America’s Authority on Tax Lien Certificates and Tax Defaulted Property Investing, gives an in-depth explanation about clear titles and how to get a clear title on a tax deed!
Today I’ll explain all about how to get a clear title on a tax deed.
I’ll also give you insider information about tax lien certificates and tax defaulted property, which are commonly known as tax liens and tax deeds.
I’m Ted Thomas, and I’ve been involved as an investor and a teacher in the tax lien and tax defaulted property business for over 25 years, and I’m about to show you how to make big money.
Want to learn more about this little-known, 200-year-old way to create wealth investing in real estate? Then you don’t want to miss this FREE class that reveals all the secrets known by the wealthiest investors.
So, let’s talk about how to get a clear title on a tax deed. The answer to the question is simple. It’s a process, however most people that work on and around real estate have little or no experience with this subject.
The foundation for all of this is easy to understand once you know that a tax deed is the result of a tax defaulted property auction.
Prior to the auction, the local county treasurer seizes and confiscates the property in order to collect the delinquent taxes.
The treasurer is authorized to levy and collect taxes. if they are unable to collect, they have the power to seize and sell the property at a public auction and use the funds to cover the back taxes.
The property owner has failed to pay taxes, and in so doing, has forfeited the rights in the property. The treasurer will auction the property to the highest bidder and use the funds from the sale to pay the delinquent taxes.
The county treasurer gives multiple notices to collect taxes. Any lien that is junior to the tax lien, like a mortgage, or a judgment, or a federal or state lien, will be wiped out when the county confiscates or seizes the property.
The county has been given authorization by the state and mandates the county treasurer to levy, collect and ultimately confiscate property for back taxes.
The sale, called a tax defaulted auction, will transfer the property from the county to the highest bidder at the auction, and the document they will use to do so could be a quitclaim deed or a sheriff’s deed or a treasurer’s deed.
A quitclaim deed will have a provision, an article, or a statement of some sort, written on the deed that clearly states that the county disclaims any responsibility for the condition of the property or title issues that may exist.
Wow! The county just sold a property to an unsuspecting buyer and disclaimed all responsibility for problems.
A clear title is essential. It’s a requirement for any lender to place a loan on the property.
Obviously, the tax lien will be in place. All other liens are removed from the property.
The big question is what do you do with a tax deed, which may be a treasurer’s deed, sheriff’s deed, or quitclaim, all of which will have a provision, a statement, that says the grantor is passing title to the grantee, you, the purchaser.
And the grantor, the county, disclaims any and all issues relating to title of the physical property.
This is a detailed complex real estate process whereas the qualified attorney, not an insurance company attorney, not a medical practice attorney, not a workman’s comp. attorney…
You need a 30-year veteran, who understands lien law and title law. Anything less, will cause you longer delays and added expense.
The quiet title process may involve multiple lawsuits and considerable leg work to chase down all previous claims, loans, judgments, and attachments.
When the attorney finishes this work, it will require the approval of a judge, who will then finally lower the gavel, and the title will be cleared.
It’s important to know how to get a clear title on a tax deed.
When you purchase a property at a tax sale, the county will remove any lien that is junior to the tax lien. This includes a mortgage, a judgment, or a federal or state lien. These will be wiped out.
However, the county will disclaim any responsibility for title issues, and you can’t assume that they’ll always complete the paperwork correctly. So it’s possible that you could be left with a title that isn’t clear.
The solution to this issue is to hire an attorney who has a lot of experience in lien law and title law and knows how to use a quiet title.
I hope this answers any questions you have about how to get a clear title on a tax deed.
If you’re learning something here, but want more information, I’m going to give you my gift of a free course on tax lien certificates and tax deeds.
For over 25 years, I’ve been teaching students how to successfully invest in tax liens and tax defaulted property, and many of them have gone on to earn 6-figure incomes within a year of completing the training.
I offer full support and a complete training with home study courses, live tutorials, workshops & web classes, Q&A sessions with certified coaches, and personal one-on-one coaching.
If you want to learn more, I can teach you how to make lucrative profits from investing in tax liens and tax deeds.
To get started, I suggest you begin with my FREE Master Class. It costs you nothing, so why put it off? This knowledge has been life-changing for so many of my students. Act now, and change your life for the better today.