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Updated over 8 years ago,
Deed Type and Title Search
I have a question and wanted to see if someone more knowledgable than myself can provide me with some advice.
I have found a property I am interested in purchasing. There are currently 4 years worth of taxes due on the land which total to around $2200. My plan is to offer to buy the property for the amount of tax owed on the property ($2200).
My question has to do with the correct way of handling this transaction when it comes to deeds. Should I have a title search done, have the seller sign a Quit Claim Deed and then pay the back taxes? OR Should I have the seller sign a Warranty Deed, pay the taxes and not worry about getting a title search done?
I want to ensure I am doing this transaction the correct way but I also don't want to spend extra money if it isn't necessary.
Any guidance you all can provide would be much appreciated.