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Updated over 9 years ago,
Tax Deed Liens and Reselling
Hello, I was wondering if someone may have some insight into some of my questions. I have been checking out tax deed properties in central Florida. One I like in particular has a good deal of liens. Apparently the previous owner was in court a lot because there are a lot of court fee liens on the property, and a civil court judgement. Also they were sued by their credit card company. My first question is would they stay or would the tax deed erase these? If so which ones.
Also I know I will need to wait 4 years in Florida or do a quiet title to have marketable title. My question is can I have marketable title while still having the liens after a quiet title done. If I can get the house at a decent price and sell it for market value then it would be enough to pay off the liens and still make a profit. Then the new owners should be able to take over and have title insurance. Is this correct?