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Updated almost 13 years ago on . Most recent reply

Account Closed
  • New York, NY
7
Votes |
183
Posts

What would you do? Own a tax deed

Account Closed
  • New York, NY
Posted

I purchased a tax deed on a condo in FLA for 16k in a recent auction. I believe I can sell the property for 35-40k (with a clean title). Should I try and do a "quiet title" action in order to produce an insurable title? My concern is that 3k in legal fees as well as 6-9 months of HOA fees will eat into my profits. Do you think I could see good demand by selling the property through a quit claim deed? I am new to this, so how should I go about listing the property?

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