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Updated over 8 years ago on . Most recent reply

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18
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6
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Spencer Breeden
  • Melbourne
6
Votes |
18
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How to sell tax deed vacant land

Spencer Breeden
  • Melbourne
Posted

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.

Most Popular Reply

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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

@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.

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