All Forum Posts by: Exavier Martinez

Definitely use a great lease and have provisions in it for sharing common areas. Also get a security deposit.

You'd have an issue obtaining QT if there is a challenge to your suit, or if it was discovered that the process wasn't followed correctly by the taxing authority. How often that happens; I have no idea. The process takes as long as the courts take to get through the motions etc. Last I heard courts were backlogged, but again I have no idea where they're at right now...and different court jurisdictions may have differing case loads. Your best resource for answers to the court related questions would be a local attorney. Let me know if you need one and I can refer a couple in 

You're in two separate 'buckets'...one is understanding documents, the other is process.

Deeds; there are various types and they convey differing levels of control or rights. Simply put a deed is just a piece of paper that 'does' something related to land (super simplified). So a trust deed conveys the interest in a property related to a loan, a quit claim is one person (me for example) 'quitting' my claim to another person (you for example). So if I QC my rights in the Brooklyn bridge to you, you now own whatever right I had in the Brooklyn bridge...which is none. So you have obtained nothing. But if I QC my right to my personal home to you, you are now the owner of that home BUT you inherit any encumbrances I have on the property too. 

Quiet title: you are literally quieting or silencing something that is on the property. In the case of a tax sale the issue is that there is a period of time after the sale where someone could challenge the sale being done improperly. A QT is simply a lawsuit where the court evaluates and confirms the correct process was followed. 

Ok so why are you asking about these two very specific items? Because a Tax deed sale property has issues with selling to another party and being able to obtain title insurance. So if I am selling you a property I bought at tax sale, I'll sell to you using a QC because I can't warranty the transaction...

The other is you want to clear title, so how can you do that? Using a QC or QT. If you can track down the prior owner and obtain a QC from them, that clears the issue related to the tax deed process and you can now obtain title insurance. The other option is filing the QT the court confirms everything and again you can now use that process to allow a title policy to be written. 

I start with basics by asking questions that must be answered in the posting:  How many animals do you have? How much do you smoke?  
Other normal criteria like min credit score and income won't matter much when you're stuck with a roommate smoker and animals/pets you may not be quipped to handle.