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Updated over 10 years ago,

User Stats

5
Posts
1
Votes
Matthew Queen
  • Attorney
  • Marietta, GA
1
Votes |
5
Posts

Georgia Tax Deed Redemption - Excess Funds Question

Matthew Queen
  • Attorney
  • Marietta, GA
Posted

Hey BP,

I am a Georgia-based investor and am interested in purchasing tax deeds in our state.  I recently read about a strategy where an investor could purchase a quitclaim deed from a homeowner facing a tax sale and then collect the excess funds from the sale of the home at the auction.

This sounds great, except I don't see a reason for the homeowner to sell to me.  What am I missing here?  What motivation would a seller have to convey their interest in a financially distressed property to me prior to a tax sale?

Thank you!

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