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I am considering to buy a delinquent tax parcel/property from county government. If it goes through, the tranfer of the property will be in the form of quitclaim deed. Any potential issues for such purchase and transfer I should be aware of?

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

If you buyign somethign so big anf that too from a unkonw person, then do not do quit claim deed

You need to do warranty deed

Quit claim deed does nto gurantee that there are no pending liabilites

Warrnty deed helps to ensure that there are no other liens or claims

http://www.mortgagefit.com/warranty-deed.html

http://www.mortgagefit.com/search/quitclaim-deed.html

Read the above link and that will provide you more details

Guest

Thanks for the e-mail. If quitclaim deed is the only form the county uses for the purchase and transfer of the property, is there anything and/or what I need to do to get warranty deed? The property is in the state of TN.

adonis · Posted: Sun Oct 25, 2009 9:46 pm Post subject:

Hi yzhou,

You can use a warranty deed to transfer the property in your name only if the property is free and clear. As the property taxes are delinquent, you won't receive a warranty deed for the property transfer.

Posted: Tue Oct 27, 2009 11:18 pm Post subject:

Thanks again for the information. Anything else I can do?

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Buy a delinquent tax parcel/property from county government