What is a Non-warranty Deed and how does it a affect me?

[David Beardwood]

What is a Non-warranty Deed?  What does that mean to me if I get one with a property?

[John Underwood]

It is an excellent deal. The tax deed when issued wipes out all but a few outstanding liens even erases mortgages. I have a good many houses with SC tax deeds that I keep as rentals. I've sold a few to a cash buyer with a Quit Claim deed.

You can hunt down the previous owners get some paperwork signed and ask for a mortgage release if there is one and often clear up the deed pretty easy. Also SC only has a 12 month redemption period and the county mails you a deed if the property isn't redeemed. That is why SC is in the top 5 best states to buy tax liens.