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Updated about 9 years ago on . Most recent reply
Lets have a debate! "What would u do with this tax deed?"
This should be fun. Before I explain if anyone needs more details I am happy to provide.
I purchased a tax lien back in November 2014. The deed I got was/is part of 6 deeds that put together is a large business in our area.
I hired Lawyer T to preform the title work on this lien along with serval others. A couple weeks later he calls me and says he was the one that did the large business sale/transaction and some how they missed the deed I purchased. With my permission he would contact the new owners and give them the chance to make it right. Along with explain what happened. We did that with no response & I have optained the deed.
Mean while I am at my regular lawyers office for a closing. We will call him Lawyer A. He seems to think the deed is valuable But he thinks I should hold it for 3 years first.
Weirdly enough Lawyer T called me that same evening and in the middle of our conversation he says. I see you got the deed on that. He said it is useless and I should let it go back for taxes......Hmmmmmm?
Here is a little more about the lot. If you would picture the map of the whole business as a dollar bill. My lot would be a dime sitting right in the middle of it all. I guess at one time it was a graveyard. What would you do if this was yours? I'm excited to see who is going to bebe on Team A or Team T
Most Popular Reply
Lawyer T has not dotted the i's and crossed the t's so I would be done with him. Lawyer A might be right but it seems he is taking the conservative approach rather than the aggressive approach. I am not so sure that he is not talking with Lawyer T based on the awkward timing you mentioned. Some states waiting for the 3 years without doing anything will nullify your rights instead of strengthening them because the owner has possession for that time. Not so sure Lawyer B might need to be contacted. I would go to the next town where Lawyer B still understands your state law but not in contact with Lawyer T or A. Make sense?
Joe