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Updated about 9 years ago,

User Stats

9
Posts
2
Votes
Nataki Burke
  • Jonesboro, GA
2
Votes |
9
Posts

Purchasing a property obtained through a tax sale deal or no deal

Nataki Burke
  • Jonesboro, GA
Posted

im a newbie investor in Atlanta Ga. I have my first possible deal on the table for a property that was purchased at a tax sale. The seller contacted me and told me that they bought the property last year and just completed the redemption period.  They were currently in the process of obtaining a clear title when they received my inquiry to buy. 2 options were put out to either take it over as is...with quit claim deed and I complete the work to obtain clear title or at 2k increase in purchase price they do the work to deliver clear title. As I am unfamiliar with tax sales and this process.  I opt for the later deal. However in reading a few blogs it seems as though obtaining a clear tilte is a lenghty process. Ive read that its a 4 year waiting period prior to obtaing title. Also read 6 months. What exactly are the steps needed to obtain clear tilte after tax sale and what is typical time frame. Also is the extra 2k added to purchase warranted for this process (are the title search are process fees this much? ) Would it be wort obtaining myself with instruction?

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