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Updated almost 6 years ago on . Most recent reply

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Martin Sterling
  • Flipper
  • Staten Island, NY
31
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116
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Tax Lien and Superior Liens

Martin Sterling
  • Flipper
  • Staten Island, NY
Posted

Greetings,

If I buy a tax lien if there any HOA, IRS and DOJ liens on the property are they my concern, or are they wiped off through a Quiet Title Action?

Thanks in Advance

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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

The HOA lien is wiped out.

You can usually wait for the IRS lien to expire after 10 years or try to settle for pennies on the dollar.

I rarely ever do a quiet title. I have cleared up many by getting Quit Claim Deeds from previous owners and a mortgage release if their was an old mortgage. I pay the old owner a few 100 for their time and the mortgage companies have given me their release just for asking. Once I've done that I can get normal title insurance. Most properties I keep and rent and many still have a Tax deed.

I have even sold a few properties for cash to an investor with a Quit Claim deed.

I rarely see the need for a Quiet Title.

  • John Underwood
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