All Forum Posts by: Reginald Winn

Thanks Robert Leonard. I was thinking of purchasing adjudicated property in Caddo Parish through the bid process to add homes to my portfolio. It seems like a cheaper way to acquire more property. The bid application alone is $300. If the fees to quiet the title are just a few thousand dollars then it would still be worth it for the right property. Anything beyond that like you said becomes counter productive. I've not been able to connect with anyone who has done it before so I'll take your advice and contact a few title company's and attorneys. 

Hello,

In the state of Louisiana after the redemptive period has past on a tax certificate/deed you are allowed to do what is called Quiet The Title. Its recommend that you use an attorney for this process. Does anyone have an idea what the cost associated with this is. How much do attorneys generally charge for this process? 

@Robert Leonard Thanks, I was just watching a YouTube video from Civic Source two days ago. I did not check out the website yet to see if they work with Caddo Parish. I will definitely give it a look. 

I had a contractor tell me if I have a tax title to a property I can begin rehabbing it. If the owner wants to redeem it, they must pay me the tax amount I paid plus interest and for any improvements I made to the property. I can not find any information anywhere that states that. The Parrish tax page says the owner only has to pay the taxes and fees incurred to redeem the property. That's my concern. I'm hearing too many different takes on this. 

Thanks for the feedback. We have a lot properties here in Louisiana that are left when an elderly owner passes and there is no family around. You have know way to find out who to contact. When you can find contact information it's usually wrong. The record keeping in the city I invest in is not very good, especially for the older neighborhoods. 

Thanks Again 

Does anyone have experience in buying property that has been adjudicated to the city for unpaid taxes. Once you obtain a tax title to thei property by paying the taxes, how long do you have to wait before you can file for a deed in your name for the property? I'm hearing you have to notify the previous owner first and they have up to 2 years to redeem the property back from you. Is that always the case? I'm having a hard time getting clear answers from the city tax office on this. Some of these properties have clearly been abandoned and the taxes have not been paid for many years.

If the taxes have not been paid for many years, can you pay the taxes and immediately file for a deed on the property if it has clearly been abandoned? 

Does anyone have experience in buying property that has been adjudicated to the city for unpaid taxes. Once you obtain a tax title to thei property by paying the taxes, how long do you have to wait before you can file for a deed in your name for the property? I'm hearing you have to notify the previous owner first and they have up to 2 years to redeem the property back from you. Is that always the case? I'm having a hard time getting clear answers from the city tax office on this. Some of these properties have clearly been abandoned and the taxes have not been paid for many years. 

If the taxes have not been paid for many years, can you pay the taxes and immediately file for a deed on the property if it has clearly been abandoned? 

Thanks in advance for the feedback.

Reggie

@Michael Bertsch thanks I'll check those out 

@John Walker Thanks I would appreciate that. 

I need a good source for finding distressed investment properties in the Shreveport area. Zillow, Trulia, and others don't have much to see. I need better sources. Any suggestions? 

Thanks