03-28-2024, 03:29 PM
I have "heard" a figure of somewhere around 20 years for a tax auction purchased lot to be "sellable," ie, title insurance available. There are companies that for a fee will clear the aforementioned sourness of the lot through a process called "quieting title," after which there will be a title company that will offer title insurance for a sale.
Mine was the same deal, previous owners died and after 5 years of no tax payments, it went up for sale. I just went after it because it was adjacent to a lot I already owned through a regular purchase.
Mine was the same deal, previous owners died and after 5 years of no tax payments, it went up for sale. I just went after it because it was adjacent to a lot I already owned through a regular purchase.