I bought a house at the tax sale in Wayne county Michigan back in 2013 we are living in the house and now are thinking about selling. Do I have to quiet the title at a cost of around 1700 or is there a different way that does not cost me 1700 ?
Not familiar with your particular county. Generally there are two ways to get insurable title. One is the quiet title suit you mentioned. The other is usually some time requirement, like 4 to 5 years of paying the taxes.
Your best bet is to talk to a title company and put the question to them. They should be able to give you some general information.
You could also have them do a title search and advise you about the title. This should only be a couple hundred dollars. No insurance, but they can tell you if it's insurable or what you need to do to make it insurable. If it's insurable, then you can purchase title insurance, which may give you a piece of mind.
Hope that helps.
@Shannon Atkinson agree with James C. Check with a title company Familiar with tax sales.
Jim and Ned are right I have to quiet the title . I contacted a few title companies and they all said I have to quiet title .
@Shannon Atkinson This very true. That is about the going rate or 2K. You will need this done particularly to get a warranty deed which is insurable.
UPDATE:I Got A recommendation from someone bigger pockets for a lawyer quiets titles his name is Darren Finley findling and what a nice guy.He has a ton of vids on youtube and he does probate to.He talked to me for about 15 to 20 minutes and explained and answered every question I had .His cost was 1750 for everything and I told him I was recommended from someone on BiggerPockets which he never Heard of and now he is a member.
Yes, you have to quiet title in order to obtain the necessary title insurance to sell your home.
I have worked with Darren Findling in the past and would recommend him. I am a real estate agent and investor here in Metro Detroit and have had to quiet title in the past on tax sale properties. I can give you the attorney that handled it for me if Darren doesn't work out.
Good to know about using Darren. I have 11 properties in Detroit. 10 was via quit claim deed.
I already quiet on property using American Title Company in Detroit. It was right about $2,000 when all was said and done.
Eventually, when I'm ready to make move and sell, I will need to do this for others.
update title - if anybody is wondering how long it takes to quiet title mine Is done and took about three months was a piece of cake total cost $1750