Manassas, VA · Member since 2015 · 114 posts · 13 votes
I am a newbie to philly sheriff's tax sale , and kept asking this question to everybody to make sure i have the right clear answer , even at the sheriff's sale i asked one of the shirreffs, but was not quite sure
Do i have to run a title search for any property i am interested in at Tax foreclosure sale , or also search it at the city hall records for any other mechanical liens , utility bills , etc... or i do get the tax deed free and clear as some of them said ?? also if i am buying this property for a good price and planning to flip it , hold , rehab and rent it ,, do i need to have title insurance after the deed recorded under my name or no , if yes what is the benefit of it , if i am planning to sell it soon ??
or do i have to keep it until the redemption period expires??
I believe it depends - all junior liens will be wiped off, but there are some that could still attach to the property.
Personally, I would buy title insurance.
@Steve Babiak might be able to provide some guidance as he has written extensively on the topic and I recommend searching and reading his posts on the topic.
I believe it depends - all junior liens will be wiped off, but there are some that could still attach to the property.
Personally, I would buy title insurance.
@Steve Babiak might be able to provide some guidance as he has written extensively on the topic and I recommend searching and reading his posts on the topic.