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Updated over 10 years ago,
Georgia Tax Deed Redemption - Excess Funds Question
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!