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Updated over 6 years ago on . Most recent reply

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Robere Istatia
  • Accountant
  • Tampa, FL
6
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What to do with A TAX DEED

Robere Istatia
  • Accountant
  • Tampa, FL
Posted

I just bought my first Tax Deed here in FL. When I went to purchase the deed, I was provided with a piece of paper that reads "Tax Deed". I am wondering how I can make a quitclaim deed out of this. I am aware I can go through the quite title process to get a warranty deed but the process is expensive and I believe I can sell the deed as a quitclaim deed. The property is raw land in a residential neighborhood. The property seems to have the base of a structure as the property may have burned down or construction ceased on the property, which is unlikely in a residential neighborhood where homes literally surround the property. If there is any additional information you would like or any contacts you can provide it would be greatly appreciated. BTW I am located in the Tampa Bay Area.

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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

@Robere Istatia Your Tax Deed is a Quit Claim Deed as it has not warranty. You can advertise it for sale to a cash buyer and let them you you will be selling with a Quit Claim Deed.

If you can find previous owner/s and get them to sign a Quit Claim deed and then get a release from any liens or mortgages if there are any, then you remove the cloud from the title. You can then get title insurance and sell property with a General Warranty deed without having to do a Quiet Title. I just did this. My attorney had to explain this to the buyers attorney but it went through with no problem. I offer to pay any previous owner/s each $200 for their time to sign some paperwork which I have notarized. Then I file this docs with the Register of deeds. Doesn't take much money just some time to track down people if you can find them.

  • John Underwood
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