What it Means to Buy a Tax Deed Property

– Clear title signifies the absence of any liens, encumbrances, or disputes regarding ownership of a property.
– A cloud on the title means there is legal uncertainty about the rightful owner, leading to challenges and costly legal battles.
– Title issues can stem from tax deed purchases, unresolved liens, incorrect deeds, estate issues, and recording errors.
– Buyers of properties through tax deed auctions may need to resort to a quiet title action to secure clear title and avoid future legal battles and financial losses. – Quiet title actions provide legal clarity by confirming the rightful owner of a property and removing any doubts about ownership.
– Anyone with a legal interest in the property is named in a quiet title action, giving them the opportunity to assert their rights before being barred from bringing further legal action against the property.
– A successful quiet title action allows for the property’s ownership rights to be legally recognized and protected, providing peace of mind for the owner.
– In order to sell a property, a clear title is necessary, which can be obtained through a statutory period of 4 years or by completing a quiet title action with the assistance of a quiet title attorney.

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