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Updated over 1 year ago,
Selling Tax Sale Property Via QuitClaim
Hey everyone, looking for a little help here.
For those of you who buy tax sale properties, and eventually get a tax deed conveyed, how often do you do a quiet title action afterwards?
If I do not do a quieting action, on average, how much less can I expect to recieve on a property where I only convey my interest via a quit claim? If anybody can offer their personal experiences with this, it would be very helpful. I know that there's going to be a lot of variation from property to property and community to community, but I am just tryng to get a general sense of best practice.
I am set to acquire a few C properties via tax deed in the next month or so after going through the legal process, and possibly some B properties next year. I do not think that some of the properties have a retail value that is worth a quiet title action. In that case I am thinking it would be better to sell via quitclaim. I'm just not sure how low of a price I should be asking relative to a warranty deed.