Quieting Title at a Tax Auction
We purchased some land at a tax auction. We had an attorney go through the process of quieting the title a Decree of Confirmation from a judge saying the title has been quieted. I'm curious if anyone knows what happens with the Deed after this. It still shows Limited Warranty Deed on the county assessors site. I have asked the attorney, but still haven't heard back on that part. Does anyone know do they automatically issue a new Deed or does that just happen if/when you sale the property?
#4 All Forums Contributor
- Lender
- The Woodlands, TX
Quote from @Misty Quaintance:No new deed is issued, but the existing deed along with the judgement should enable you to obtain sufficient title insurance to satisfy the person purchasing the property from you. If you want you can purchase title insurance for yourself; the quiet title judgment plus the existing deed should be enough so that a title insurer wouldn’t require an exception to title.
We purchased some land at a tax auction. We had an attorney go through the process of quieting the title a Decree of Confirmation from a judge saying the title has been quieted. I'm curious if anyone knows what happens with the Deed after this. It still shows Limited Warranty Deed on the county assessors site. I have asked the attorney, but still haven't heard back on that part. Does anyone know do they automatically issue a new Deed or does that just happen if/when you sale the property?
Thanks Don - that is exactly what the attorney told me too. I appreciate the info.
Quote from @Don Konipol:
Quote from @Misty Quaintance:No new deed is issued, but the existing deed along with the judgement should enable you to obtain sufficient title insurance to satisfy the person purchasing the property from you. If you want you can purchase title insurance for yourself; the quiet title judgment plus the existing deed should be enough so that a title insurer wouldn’t require an exception to title.
We purchased some land at a tax auction. We had an attorney go through the process of quieting the title a Decree of Confirmation from a judge saying the title has been quieted. I'm curious if anyone knows what happens with the Deed after this. It still shows Limited Warranty Deed on the county assessors site. I have asked the attorney, but still haven't heard back on that part. Does anyone know do they automatically issue a new Deed or does that just happen if/when you sale the property?
Hi Misty:
The Attorney should liaise with the title company to ensure that the property will be insured as per the underwriters requirements. Are you working with a specialist tax lien/deed Attorney?
Quote from @Michelle Commosioung:
Quote from @Don Konipol:
Quote from @Misty Quaintance:No new deed is issued, but the existing deed along with the judgement should enable you to obtain sufficient title insurance to satisfy the person purchasing the property from you. If you want you can purchase title insurance for yourself; the quiet title judgment plus the existing deed should be enough so that a title insurer wouldn’t require an exception to title.
We purchased some land at a tax auction. We had an attorney go through the process of quieting the title a Decree of Confirmation from a judge saying the title has been quieted. I'm curious if anyone knows what happens with the Deed after this. It still shows Limited Warranty Deed on the county assessors site. I have asked the attorney, but still haven't heard back on that part. Does anyone know do they automatically issue a new Deed or does that just happen if/when you sale the property?
Hi Misty:
The Attorney should liaise with the title company to ensure that the property will be insured as per the underwriters requirements. Are you working with a specialist tax lien/deed Attorney?
He not a specialist. It is a small town however this guy seems to handle most if not all of them. How would I know if it will be insured? I do have the judgement.