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Updated about 5 years ago on . Most recent reply

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Chris Anderson
  • Jerome, ID
3
Votes |
3
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Foreclosure Title Redemption Period??????

Chris Anderson
  • Jerome, ID
Posted

So I’m new to buying foreclosures. The particular foreclosure is for delinquent taxes from 2016. The auction is in 2 weeks so I’m doing my due Diligence with, I call the title company and ask for title reports to see if there are any mortgages/liens attached to the property. She calls back later and informs me there is a new law like a 20 year title redemption clause on tax foreclosures. She said they can’t take the property back but I also wouldn’t be able to sell it within 20 years unless I hire a lawyer and do something called a quiet title action.. has anyone else heard of this? Advice?? Thanks so much

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User Stats

3
Posts
3
Votes
Chris Anderson
  • Jerome, ID
3
Votes |
3
Posts
Chris Anderson
  • Jerome, ID
Replied

@Sriv Nava thank you for this information I feel way more comfortable moving forward with the auction process now

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