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Updated about 1 year ago on . Most recent reply
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Quiet Title vs Tax Title Services
Hello all,
Does anyone have any experience in (or knowledge) of the difference between a quiet title action and using Tax Title Services (or a similar service)?
From what I can tell, Tax Title Services is partnered with a few law firms/title search companies across the nation and basically "vouches" for all of the paperwork of your property (which you acquired via a tax sale/lien) being good to go. From there, the title company (the one partnered up with Tax Title Services will issue you title insurance).
Is quiet title basically the same thing (except done via a legal process), but would allow you to get title insurance from all title companies (minus the speed from the above method?
Thanks!
George
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It was not hard at all. Some I have sent a letter to after finding their new address from a recent speeding ticket, another I found them via Facebook. All I offered them $200 for their time to sign QCD and got it notarized at a bank. Recently I tracked down a guy and got him to sign it over before he lost it. Then I paid the taxes and got the 10k back that I had paid for the tax lien.
I have never done a Quiet Title. I have cleared them myself or sold a few to another investor for cash with a QCD. Most I keep and rent for forever with just my Tax deed. No need to clear these if I just want to keep them for passive income.