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Updated over 6 years ago on . Most recent reply

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56
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Gideon Blustein
  • Rental Property Investor
  • Coal City, IL
19
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56
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Tax Deed Sale - Should I buy Title Insurance?

Gideon Blustein
  • Rental Property Investor
  • Coal City, IL
Posted

I was the successful bidder on two parcels in my local tax deed auction. I'm wondering if I should bother with title insurance? My research has not turned up any surprises or concerns on the properties so what would I be insuring against? 

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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

You normally can't get traditional title insurance on a tax deed because a tax deed is considered to have a cloud on the title. You can do a Quiet Title action to clear the deed or get QC deeds from previous owners and lien releases from an liens.

  • John Underwood
  • Loading replies...