My wife and I are very new to property investment and looking to get started. We are looking at purchasing a tax lien property at Sheriff sale as our first property since it is in the same neighborhood we live in and looks to be in good shape.
I purchased a title search on the property, which came up with no other outstanding liens, however the copy of the deed in the title report has the name of the son of the defendant on it. The current listed owners (and defendant) are deceased, and the son has lived at the property in the past from what I can gather from neighbors.
Will this be an issue? I have read many stories of issues and surprises coming up after purchasing properties at Sheriff sale and I don't want to get into any surprise legal issues on our first property.
Thanks in advance.
Talk to a Local RE attorney Familiar with the tax lien/deed process/laws.
@Andres G. , I agree, talk to an attorney. I buy tax deed properties in Florida and typically any known heirs will have to show cause to the court for a claim to the property. An attorney can give you specifics on how it works in your state.
Also, you should be able to search public records to find liens and a general background of the property.
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