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Updated over 8 years ago on . Most recent reply

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Kalmen Goldberger
  • brooklyn, NY
0
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Bought a Property at a tax deed auction

Kalmen Goldberger
  • brooklyn, NY
Posted

Hi,

I recently bought a house in Jacksonville Florida at a tax deed auction, I would like to know a strategy how to sell it fast.

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Patrick L.
  • Real Estate Investor
  • Saint Petersburg, FL
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Patrick L.
  • Real Estate Investor
  • Saint Petersburg, FL
Replied

Same as any other house except you have a tax deed and do not currently have marketable title.   In Florida you'll need to do a quiet title action or use a company like cleartosell (~$3k) in order to transfer with any type of warranty deed.....or you could find a buyer willing to take it on a quit claim deed with no title insurance (probably at a deep discount).    You'll also want to verify the amount of any liens that are still with the property (government liens are not wiped out by a tax deed auction....code enforcement, utility, lot clearing, special assessment, etc).  

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