Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply presented by

User Stats

23
Posts
10
Votes
Akeem Ogle
  • Investor
  • Decatur, GA
10
Votes |
23
Posts

How do I handle this property with a title dispute? Georgia

Akeem Ogle
  • Investor
  • Decatur, GA
Posted
Hello BP, Calling all real estate attorneys, title companies, and anyone with wisdom on title issues. I’ll try to keep the story. I’m in contract to purchase a home from party A. The tax records show that party A is the sole owner of the property. I then find out that party B recorded an affidavit of forgery in 2017 stating that party A forged the quit claim deed filed in 2014. To make it interesting, party A undoubtably owns an interest through a tax deed from 2011. Apparently party B let the property go into tax foreclosure, and party A won the property at the tax sale in 2011. In Georgia, anyone who loses their property to a tax sale has a one year redemption to pay off the debt plus interest to regain full ownership off the property, otherwise the party that won the property at auction can be granted full ownership. I have spoken to party B, and he is interested in selling the property too. I am not sure how to proceed. 1. What kind of paperwork would it take and where does it need to be filed to transfer full ownership to party A, Party B, or both assuming that I can get them to agree on something? From that point, I assume that title will be clear and then the house could be sold. 2. Should I just pay an attorney or title company to dig deeper? (I am hesitant to get into billable hours with everything so foggy) 3. Do you think I can probably get an attorney experienced in these matters to do some digging and propose to cut him/her in in the deal once it’s figured out? (The deal has a large spread) 4. Should I just let this one go? I appreciate the feedback!

Most Popular Reply

User Stats

2,871
Posts
2,501
Votes
Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
2,501
Votes |
2,871
Posts
Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
Replied

From what you said, it looks like B is out of luck. Contract with A and take it to a title company first. The preliminary title run will get the facts out in the open. The title company should be able to tell you pretty quick where you stand as far as clear title goes.

If they say that B has to sign a new QCD, pay him something to do it. $1k, $5k, or whatever it is worth it for you do get the deal done. You said there is plenty of equity so it should not be a big deal to pay him off (if you NEED to).

Difficult deals are usually the ones that make me the most money. 

Loading replies...