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Updated over 2 years ago,
Purchasing tax deeds from a private seller & quit claim deeds
Hello,
I'm looking into purchasing Alabama tax deeds from a private seller who provides quit claim deeds after about 60 days. What type of due diligence do I need to conduct to research these properties? The seller provides the property address, assessed and market values and lot size. I have looked up properties by address on zillow and found the information the seller provides and the zillow information a match, but I feel like I should be digging deeper for more information.
Second question: can I resell a property with a quit claim deed? If so, how much profit can I expect to make? My research tells me that I may not be able to get market value unless I quiet the title. If I choose not to do so, what are the risks for me as a reseller?
Thanks.