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Updated almost 8 years ago,
Special Warranty Deed or Quit Claim Deed for tax sale property?
If I purchase property with back tax, and do not intend to pay the tax before selling it, should I transfer title to the buyer with a special warranty or a quit claim deed? If more back tax is accrued during my ownership of the property, is that a breach of the special warranty deed? Should I pay the taxes myself, defer the expense to the buyer as part of the cost, and then transfer title with a general warranty deed? (This seems risky to me)
Obviously the safest option for me as the investor is to sell with a quit claim deed so that I could never be held liable, but I wonder if this will be a turn-off for buyers. Be advised that I deal in vacant land.