South Carolina Tax deed and surviving liens

Remsenburg, NY · Member since 2014 · 4 posts · 0 votes

In South Carolina, when you buy property from teh County at a tax auction and get a tax deed from the County, and there is an HOA, but there is no HOA lien on file, is the property still subject to liens for prior HOA fees?

Also, are liens filed by utility companies wiped clean by the tax sale?

Appreciate the comments as I found very little on line so far.

John

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John UnderwoodPro Member

Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes

John,

I have never seen a utility company lien is SC. I think that may be a northern thing.

I believe the issuing if a tax deed is like a foreclosure and would wipe out a filed HOA lien. Since they didn't even file a lien I would contact them first and explain you bought the property at a tax lien foreclosure and say that you would like to start paying the HOA dues going forward as the nee owner. Right or wrong they probably won't know either and will accept that you know what your talking about.

What county is this in?

If you have any other questions about SC tax liens let me know. I have been investing in them for over 10 years and the bulk of my rental portfolio is owned with a tax deed.

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John UnderwoodPro Member
Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
7y
John,
I have never seen a utility company lien is SC. I think that may be a northern thing.
I believe the issuing if a tax deed is like a foreclosure and would wipe out a filed HOA lien. Since they didn't even file a lien I would contact them first and explain you bought the property at a tax lien foreclosure and say that you would like to start paying the HOA dues going forward as the nee owner. Right or wrong they probably won't know either and will accept that you know what your talking about.
What county is this in?
If you have any other questions about SC tax liens let me know. I have been investing in them for over 10 years and the bulk of my rental portfolio is owned with a tax deed.
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John Jilnicki
OP
Remsenburg, NY · Member since 2014 · 4 posts · 0 votes
7y
Thanks so much John. It's Beaufort County.
I hope to start being able to spend more time down there. It's beautiful, and the people are nice!
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Shimira Greene
Investor · Opelika, AL · Member since 2015 · 108 posts · 15 votes
7y
What is the process of taking full ownership of a tax lien and tax deed in SC? Or what is the process for investing in SC tax delinquent properties?
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John Jilnicki
OP
Remsenburg, NY · Member since 2014 · 4 posts · 0 votes
7y
I know you can sign up through **************. They do the auctions fro some of the Counties.
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John Jilnicki
OP
Remsenburg, NY · Member since 2014 · 4 posts · 0 votes
7y
oh guess I wasn't supposed to mention the company, because it was blanked out. OK -sorry. if you go to the County's website, they have a reference somewhere to who does their tax auctions.
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Shimira Greene
Investor · Opelika, AL · Member since 2015 · 108 posts · 15 votes
7y
For those who who have gained full ownership and occupancy, what is the process of doing in South Carolina? How does an investor either gain ROI or the property?
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John UnderwoodPro Member
Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
7y
Originally posted by @Shimira Greene:

For those who who have gained full ownership and occupancy, what is the process of doing in South Carolina? How does an investor either gain ROI or the property?
No process. Once the deed shows up in the mail you own the property.
You will either get a check from the county that has your investment plus interest or a deed. You don't have to do a thing as you will get one or the other.
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Shimira Greene
Investor · Opelika, AL · Member since 2015 · 108 posts · 15 votes
7y
WOW!! Would I need to quiet title or any steps after receiving the deed? This is awesome information.
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Shiquilla Dreher
Columbia, SC · Member since 2014 · 21 posts · 1 vote
7y
@John Underwood hey. I want to buy properties from the tax sale to use as rentals. Do you do a quiet title action on them?
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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
7y
Originally posted by @John Underwood:

Originally posted by @Shimira Greene:
For those who who have gained full ownership and occupancy, what is the process of doing in South Carolina? How does an investor either gain ROI or the property?
No process. Once the deed shows up in the mail you own the property.
You will either get a check from the county that has your investment plus interest or a deed. You don't have to do a thing as you will get one or the other.
john can you get title insurance once you have the deed.. I was trying to buy a lot in Charleston that the seller bought at tax auction and we could not get title insurance without a quiet title.. or 10 years .. ?? since we were going to put a spec home on it title insurance was mandatory.. I could see buying rental houses and you don't need debt who cares then right you have the deed ?
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John UnderwoodPro Member
Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
7y
Originally posted by @Shimira Greene:

What is the process of taking full ownership of a tax lien and tax deed in SC? Or what is the process for investing in SC tax delinquent properties?
You get full ownership once the deed shows up in your mailbox.
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John UnderwoodPro Member
Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
7y
Originally posted by @Jay Hinrichs:

Originally posted by @John Underwood:
Originally posted by @Shimira Greene:

For those who who have gained full ownership and occupancy, what is the process of doing in South Carolina? How does an investor either gain ROI or the property?
No process. Once the deed shows up in the mail you own the property.
You will either get a check from the county that has your investment plus interest or a deed. You don't have to do a thing as you will get one or the other.
john can you get title insurance once you have the deed.. I was trying to buy a lot in Charleston that the seller bought at tax auction and we could not get title insurance without a quiet title.. or 10 years .. ?? since we were going to put a spec home on it title insurance was mandatory.. I could see buying rental houses and you don't need debt who cares then right you have the deed ?
You can not get title insurance on a tax deed without a quiet title OR you can get QC deeds from owners who lost property this removes the doubt and the cloud on title. If there was an old mortgage you need a release from them. Not too hard to do, very inexpensive. This can take very little time and I have done it successfully numerous times. I have then sold with a general warranty deed.
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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
7y
Originally posted by @John Underwood:

Originally posted by @Jay Hinrichs:
Originally posted by @John Underwood:

Originally posted by @Shimira Greene:
For those who who have gained full ownership and occupancy, what is the process of doing in South Carolina? How does an investor either gain ROI or the property?
No process. Once the deed shows up in the mail you own the property.
You will either get a check from the county that has your investment plus interest or a deed. You don't have to do a thing as you will get one or the other.
john can you get title insurance once you have the deed.. I was trying to buy a lot in Charleston that the seller bought at tax auction and we could not get title insurance without a quiet title.. or 10 years .. ?? since we were going to put a spec home on it title insurance was mandatory.. I could see buying rental houses and you don't need debt who cares then right you have the deed ?
You can not get title insurance on a tax deed without a quiet title OR you can get QC deeds from owners who lost property this removes the doubt and the cloud on title. If there was an old mortgage you need a release from them. Not too hard to do, very inexpensive. This can take very little time and I have done it successfully numerous times. I have then sold with a general warranty deed.
Gothca so for those paying cash and have no need to finance and or going to hold for long term.. then that is moot.. just buy it get your deed recorded and rent it out ..
Out our way it depends on your standing in the industry.. high volume investor can negotiate with a title company to get title insurance.
most off the street one off investors will have to wait 3 to 5 years.. I have not seen quiet title as an option in our area just time..
when tax sales were the core of our inventory back in the 60s 70s and into the 80s we could get title insurance the day the tax collector deed was recorded.. its not mandatory to wait it was simply company policy.. like first American no matter what you had to wait 5 years.
Fidelity at the time would give us instance title insurance.. but we have 300 to 400 escrows a year through them.. My dad was in the land business.. high volume.. now that tax sales out are way are on Bid 4 assets its pretty tough to get a deal.. and on top of that is rare to the extreme that any tax sale is anything but land.. I think in the few counties we worked over the decades there was never more than one or two homes that went to tax sale.. all the rest was dirt.
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Danny Price
Investor · Location Independent · Member since 2018 · 21 posts · 19 votes
6y
You can get title insurance on tax deeds in South Carolina AND North Carolina. search for company: Tax Title Services
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