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Updated 6 months ago on . Most recent reply

User Stats

43
Posts
9
Votes
Michael Belz
  • Rental Property Investor
  • NYC
9
Votes |
43
Posts

Question: Auction Purchase with Quitclaim Deed – Title Concerns

Michael Belz
  • Rental Property Investor
  • NYC
Posted

Does anyone have experience purchasing a mixed-use property on an auction site sold "as is" with a quitclaim deed? I'm wondering if outstanding mortgages, taxes, or violations carry over.

The auction states that the title is free and clear of liens, but the contract only mentions a quitclaim deed without explicitly confirming a clear title. This is my first auction purchase, so any insights or advice from those familiar with this process would be appreciated.

  • Michael Belz
  • Loading replies...