Tax sale/deed Help

[Kenneth Lee]

So i bought a house that didn't sell at auction about a month ago. I already did the title search. It's a 60 to 90 waiting period before I get the deed. It killing me to not being able to work on the house. (A guy I know said DO NOT invest any money in the house till you get the deed.) Because if i do the deed will come back messed up. With my luck that's what will happen. So my question is.... Is there any way to get around the 60 to 90 day period. Or since i have the Bidding Purchase contract that should protect me if the deed comes back wrong? Right? 

Also would like to ask can I REFI the house with a tax deed? Plan to BRRR. I am in IL! 

FIrst property for me and plan on using the money from the refi to invest in a apartment complex.   

Sorry for all the questions. Newbie so any and all help and tips are appreciated. Tired to look on my own but couldn't find much! Thank you a lot in advanced.! 

[Theresa Nicoletto]

Also keep in mind that Healthcare Liens also stay with the property. I have seen many people bid on stuff that has liens attached. (I stopped one elderly lady from bidding on a property last year because there were liens on the property that were more than the property was selling for and she had no idea. Yes, it's a buyer beware sale and they say that multiple times throughout the auction but people get caught up in the magic of an auction and do silly things.) 

I quiet title all of my tax sale properties prior to doing any work on them. Quiet title for me starts at $1500 but I have had some that are much more than that due to complications that arise. 

You are also responsible for any code violations that are not recorded but have occurred prior to your purchase. (Yes, I've been stung by this.) My advice is to just do a lot  of research prior to bidding on the properties... and make sure you look at the properties' title just before you bid on it.... something might have been recorded since the last time you researched it until the sale. 

And word of caution.. don't bid on properties just because someone else does. There is a lot of frenetic energy at these auctions. People start bidding things up because they see someone else bidding.... not because they actually have knowledge of the property. 

You also don't know someone's motivation on the property. It may not be because they are an investor but the house or lot belonged to their great grandmother, or they own the property adjacent to it... or has major foundation issues but they own a foundation company.