Tax Liens & Mortgage Notes
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago on . Most recent reply

Can a Quit claim deed get the job done?
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

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.