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Updated over 8 years ago on . Most recent reply
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How to sell tax deed vacant land
I've been watching my local tax deed online auction for 2 months now, they do 1 auction a month. And the prices for vacant land seems to be great, about half of what lots are going for via MLS. My question is, how do you sell a lot that you have a tax deed for? I've read about quiet title action and if that's the case most of the money is gone. Buy a tax deed lot for 5k, put 3k into quiet title and sell it for 10k, yes thats 25% ROI but thats a hassle to do on a large scale. In my area... builders are buying up lots in a hurry. Does anyone have any experience with builders willing to purchase the tax deed and do the quiet title on their own? that would be ideal I think.
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- Real Estate Professional
- West Palm Beach, FL
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@Joe Mclain Okay, cut and dried....Florida statutes require either the QT process, or simply waiting four years for no one to challenge it,,,,,period. You can verify with a local RE attorney. You can google up the statute.