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Tax Auction

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Icon Mini Profile arcook





Joined: 19 Nov 2009

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Post Posted: Thu Nov 19, 2009 8:54 am    Post subject: Tax Auction
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If a home is purchased as a Tax auction by a city, does the buyer ever really have a clear title to the home?
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

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Location: Nevada
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Post Posted: Thu Nov 19, 2009 11:39 pm    Post subject:
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Hi arcook,

Before buying a property at a tax sale, you should seek the services of a title insurance company. This will help you know whether or not there are any liens on the property. As far as I know, when the property is sold off for the non-payment of taxes, the title is not marketable. The person purchasing the property should file a quiet title suit to clear the title to the property. You can contact an attorney who may help you know the details about the quiet title law suit.

You should note that private Liens and judgments do not survive the Tax Sale. However, the governmental liens and judgments survive the issuance of a tax deed. These are satisfied to the fullest extent possible by the amount received from the auction. Also, certain state liens can be extinguished in a Tax Deed sale.

Thanks
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