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Updated over 4 years ago on . Most recent reply

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231
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Arron Paulino
  • Rental Property Investor
  • South San Francisco, CA
85
Votes |
231
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Uninsurable Title On Real Estate Property

Arron Paulino
  • Rental Property Investor
  • South San Francisco, CA
Posted

I need help understanding what I need to do on this potential SFR I want to purchase. It fits my numbers, but has title issues. This is the email I got from my buyer's agent:

“According to the listing agent, after examining the title abstract, it was determined that title to the property is uninsurable in its current state due to a previous tax sale in the chain of title. They have attempted to prove that all interested parties received actual notice of the tax sale, but were unsuccessful; and therefore, the title insurance company refused to insure without a quitclaim deed from the prior property owners.”

Is it possible to make this work so I can own this property? Any advice would be appreciated!

Most Popular Reply

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Steve Morris
  • Real Estate Broker
  • Portland, OR
2,377
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Steve Morris
  • Real Estate Broker
  • Portland, OR
Replied

How about asking the title company what it would take to remove this cloud on title?

You may have to hire an atty and it may take a while.  But you'd think with a tax sale, there'd be some sort of release/satisfaction in the county records somewhere.

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