Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago,
Tax sales and title insurance fails
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....