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Updated over 2 years ago,
How to Quiet Title with Tax Deed
Hello,
I am currently under contract for a property that was purchased at a tax auction here in Huntsville, AL. That company failed to pay taxes on the property and it was then auctioned off again in 2012. The current owners have had the property for 5 years and have obtained the tax deed for the property since the period of redemption passed in 2015. I had a title report done on the proper and my attorney told me that I would not be able to obtain marketable title due the owner's only issuing a quit claim deed. For this reason they did not give me a owner title insurance policy. My plan is to keep the house as a rental long term but I would probably want to refinance it one day.
With all that being said, my question is has anyone had experience with perfecting a title after a tax sale? If I could contact the previous owners and they release their interests in the property wouldn't that suffice for curing any encumbrances?