State Tax Deed and prior liens
I am purchasing my first tax foreclosed property and the county I am purchasing it wanted to make sure I knew that I was getting a tax deed from the state and not a warranty deed. She didn't really know what that meant but knew she should tell it to me. Before purchase I stopped at the recording office to look at the records and I should be in the clear. Came to the conclusion that somebody died owning this place after they satisfied the mortgage. Seems that my only risk would be unrecorded liens or problems before 1988 which seem unlikely especially considering the state took over ownership a year ago. Someone was living in it as it was foreclosed per the city and a neighbor but they must not have had any claim to the property and let it get foreclosed.
It is a large house and an easy duplex conversion so that is my current plan. Would be easy to throw on the MLS and sell for profit but the numbers make sense for a long-term rental.
Anyone who has purchased a tax foreclosed property - have you had an issue with prior liens after receiving a tax deed?
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