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Updated almost 9 years ago on . Most recent reply

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Ed Tamayo
  • Investor
  • Sugar Hill, GA
97
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Quitclaim signed by former owner AFTER tax deed?

Ed Tamayo
  • Investor
  • Sugar Hill, GA
Posted

Hello,

I am in Georgia where in a tax sale you get a tax deed.  You then need to follow processes to first, foreclosure on the right of redemption, and second, do a judicial process to get a quitclaim deed. (which is insurable).

My question is. If I can get the former owner to sign a quitclaim deed, I should be good. right?

I can record that deed and that will be the end of it. Presumably, I can get title insurance as the owner signed and the ownership chain was not interrupted. 

Or, is it that the owner can't sign a quitclaim since he is not longer the owner !?

Any input on this will be appreciated. 

JET

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

Ed,

You are correct in that a quit claim deed from the previous owner/s give you clear title to the property.

They are not deeding something to you that they no longer owner.

They are just providing proof that that are quitting any claim to the property which in effect removes the cloud from the title.

This is what several lawyers have told me.

John

  • John Underwood
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