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Updated almost 7 years ago on . Most recent reply
Property Insurance coverage on Georgia Tax Deed Investments
I have just recently started buying properties at Georgia Tax Deed auctions. Most of my purchases have been properties with single family homes on them. In Georgia when you buy a property at the tax deed auction the tax delinquent owner of the property has a right to redeem the property for the first year after the auction takes place. This means you do not get to take full ownership to the property until foreclosing on the right to redeem, which you have to wait the year before you initiate this.
I am looking for property insurance options to cover these properties / my investment for this redemption period.
Is anyone familiar with Property Insurance Options for this situation?
Thanks
Jeff