Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
SELLING PROPERTY AFTER CALIFORNIA TAX DEED SALE
I have a question that most brokers, real estate agents or even Title companies are having a problem with. I have purchased several California Properties at tax deed sales. I received a Tax Deed from the county in my name. I know the prior owner or lien holders have one year to attempt to redeem the property through the county and courts. My question is this; Now that I have a tax deed that is only 6 months after the sale I plan on selling the property. If I find a private buyer interested in the property without going through escrow or getting title insurance should I right the deed up from me to him as a "Grant Deed" or a "Quitclaim Deed" to limit my liability?
I believed a Quitclaim deed from me to the new buyer would limit my liability but after speaking to a retired real estate agent I was told to sell it under a "Grant Deed" which lowers my liability.