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Updated over 7 years ago on . Most recent reply
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Tax lien and a desolved bank
I have a question ,I have a former home owner who was F/C on 8+ years ago, BUT the bank that
F/C has since closed and bank that took over on file says it doesn't own the property, NOW the
owner who was F/C on is being harassed by code enforcement to maintain the yard ,the lien
is 9k ,the property needs a full rehab, but that's what I do also its next door to a property I already
own ..
so my question is can I quit claim it over to my company and then buy the lien ,or should I just buy the lien and wait the year knowing no entity is going to redeem ?
Most Popular Reply
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I believe that a Quitclaim Deed signed over to you by the "owner" will give you no more ACTUAL ownership rights than just buying the Lien and waiting the year. Anyone, am I wrong?...