Tax Deed Property Help in Atlanta
I am trying to buy a property from a seller who acquired the house through a Tax Deed sale in Georgia. He has already gone through the necessary foreclosure steps according to his attorney.
The seller tells me i will only be able to rent the house or live in it for four years, as i will not be able to get the title insured since it was bought through a tax sale. After the four years, then i could sell to a retail buyer, who could get Title insurance. So, basically, i would be given a clear tax deed at this time. Does anyone have anyway around this, my plan was to fix up the house and resell, but i don't want to have to hold onto it for 4 years in order to do resell. I don't even think an investor-landlord would touch this if they cannot get title insurance, so that is my main concern. Thank you.