How to resell a property bought at the Land Bank

[Sylvia Castellanos]

I have bought several properties from the Shelby County Land Bank, which come with a special warranty deed. It is my understanding that selling them involves going through a special step that involves a more in depth title search, making sure that each time the property changed hands the Register of Deeds duly notified all concerned. I also understand that few title companies—perhaps just one—will handle the sale of properties with a Land Bank past. Of course, there is always the option of a quiet title action, but this is several times more expensive and can take over a year.

The Land Bank is a very worthwhile activity in its goal of returning vacant lots to active use. I am sure it follows the law on everything and it does not cut corners. However, it is what it is.

I would like to hear from other people who have sold lots they acquired through the Land Bank—what was involved and what institutions were used. Going forward, I would like to identify what all my options are, both in terms of strategy and in terms of the institutions I can go to.

You are welcome to private message me if you feel that is a better way to convey the information you have.

I really thank you in advance for sharing with me your expertise in this matter.