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Updated over 15 years ago on . Most recent reply

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3,208
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Nick J.
  • Residential Real Estate Broker
  • Payson, AZ
1,439
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3,208
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What is this guy talking about?

Nick J.
  • Residential Real Estate Broker
  • Payson, AZ
Posted

http://joplin.craigslist.org/reo/1383668427.html

What is this guy talking about? I'd like to say that I speak REI but when I read this guys ad, I'm not sure I understand what it is that he is saying.

He's saying it must be a cash sale~
Ok! I'll pay cash
then he says he has a 'quit claim' deed~
I don't give a rats @ss about a quit claim, if it's a sale then I own the damn house
he says owner/buyer must own for 3 years before getting full title~
What?

Can anyone make any sense of this? I think I'll call him tomorrow and ask, I personally think he doesn't know what he's talking about but figured I'd ask someone else. I think he's getting some things mixed up

Most Popular Reply

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1,491
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Jim Wineinger
  • Real Estate Investor
  • ten mile, TN
374
Votes |
1,491
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Jim Wineinger
  • Real Estate Investor
  • ten mile, TN
Replied

Yes you can put money into a tax sale property. The real question is if you can get that money back especially if it is reclaimed by the owner.

When you become the owner you usually recieve a clerk and masters deed or a sheriffs deed not a quick claim deed.

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