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Updated over 4 years ago on . Most recent reply

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113
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Bryce Davis
  • Los Angeles, Ca
17
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113
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Waiting Period Quiet Title Action

Bryce Davis
  • Los Angeles, Ca
Posted

I purchased  a property in Dec 2019 and legally took possession in January of 2020. I contacted an attorney today to start the quiet title action. I was told that I need to wait two years after the intial property tax auction bid date to start the Quiet Title? He also said the usual cost was around 2500 for a estate quiet title. 

Is this Accurate? 

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12,448
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
15,158
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12,448
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied
Originally posted by @Bryan Hartlen:

@John Underwood - if you're keeping as a rental; do you need to do the QT when you eventually decide to sell it?

 You do not need to do a QT to be able to rent it.

You do not need to do a QT to sell to a cash buyer with a Quit Claim Deed.

You need to do a QT if you want to sell to someone who has to get a mortgage OR you can clear it up yourself by clearing up the clouds. These would be get a QC deed from previous owners and a mortgage release if applicable.

  • John Underwood
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