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Updated about 8 years ago,

User Stats

214
Posts
128
Votes
Rashard Alomari
  • Investor
  • Memphis, TN
128
Votes |
214
Posts

Tax sales and title insurance fails

Rashard Alomari
  • Investor
  • Memphis, TN
Posted
I've come across a few deals that were purchased at tax sales in Shelby county, Memphis, Tn and wanted to know if anyone has experience in methods of obtaining title insurance for these properties. Or if it's even possible for that matter. I've sent 3 deals to escrow in the past month with wonderful spreads and then received word that these properties can not be insured, therefore my buyers have backed outs of the deal. Any advice or suggestions from someone who has experience with these issues?! I mean, if it's impossible for a tax sale property to be insured, what's the purpose of even purchasing it? There seems to be no security involved....

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