Tax Liens & Mortgage Notes
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago,
Got DECREE CONFIRMING SALE from Court of Shelby county, Tennessee
A few days ago, I received the above court file of a vacant land I won at a tax sale in Shelby County, Tennessee.
I searched on Zillow.com, this parcel of land seems only worth about $5000.
I already spent $1900 at the tax sale to win. If I spend $2000 to $3000 to go through the Quiet Title process, that would make this deal not profitable.
What can I do now?
Can I ask the county to transfer the title to me and change the owner to me in gov's deed records?
Can I just hold this vacant land for 3 years and then get a title insurance without the Quiet Title Action?
Will the longer I hold this land make it cheaper to get a title insurance?
Thank you very much.