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Updated over 13 years ago on . Most recent reply

Paul OConnell's profile image
Paul OConnell's profile image
Paul OConnell
  • Property Manager
  • from Farmington, MI
  • Member since Feb 22, 2011
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61
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Paul OConnell's profile image
Paul OConnell's profile image
Paul OConnell
  • Property Manager
  • from Farmington, MI
  • Member since Feb 22, 2011
Connect
Paul OConnell
  • Property Manager
  • Farmington, MI
20
Votes |
61
Posts
Tax Liens & Mortgage Notes

How quickly can I refinance after a tax deed auction?

Paul OConnell
  • Property Manager
  • Farmington, MI
Posted

I am considering purchasing a property at a tax auction in the next couple of weeks and I am wondering if anyone has any idea when I would be able to finance the property. In the State of Michigan, I am required to pay cash at the auction and am issuesd a Quit Claim Deed within 30 days. My thought is it would be nice to take some cash out for any repairs as soon as I could perform a Quiet Title. Does anyone know if this is feasible?

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