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Updated over 6 years ago on . Most recent reply

User Stats

48
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9
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Kyle Howard
  • Rental Property Investor
  • Cockeysville, MD
9
Votes |
48
Posts

Can a Quit claim deed get the job done?

Kyle Howard
  • Rental Property Investor
  • Cockeysville, MD
Posted
I have a potential deal where the sellers are deceased and the property is behind on property taxes. The daughter of the deceased parents still lives there and has no issue with me getting the property. I believe that a Quit claim deed should be done first before I pay the taxes. The current deed has the deceased parents names still attached to it and it’s a strong possibility that I can get this property before it goes to the tax sale auction. Any suggestions on how to structure this deal properly would be great. -the property is paid off -one of the children still lives in the property (there is a sibling who doesnt live there. -who exactly would I get to sign over their interest if neither of the children’s names are tied to this home?

Most Popular Reply

User Stats

553
Posts
490
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Mike Hartzog
  • Lender
  • Redmond, WA
490
Votes |
553
Posts
Mike Hartzog
  • Lender
  • Redmond, WA
Replied

I would get a title search done as the next step so that you can understand exactly what encumbrances you would be taking on.  Then, if you want to move forward, Quit Claim deed would do the job of transferring title, and  you would want to do that before paying taxes.  It would be best to work with a title company to do the search, the doc prep, and recording of the deed.  

  • Mike Hartzog
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