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Updated over 10 years ago on . Most recent reply

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Chip Chronister
  • Investor / Rehabber
  • Fort smith, AR
30
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178
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Got a deed for collateral

Chip Chronister
  • Investor / Rehabber
  • Fort smith, AR
Posted

There is a house that was sold at a tax sale and I gave the couple a small loan so they could pay the taxes on the house and redeem it back, she claims that she did this but the man who bought it at a tax sale filed a deed in 17th of July and I got them to sign a quit claim deed the 20th of June.

Now the couple will not pay what they owe me and I would like to file the deed and evict them and take the house. Will I be able to file the quit claim deed and get the house or how should I go about getting the house.

Thanks

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Jerry W.
  • Investor
  • Thermopolis, WY
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Jerry W.
  • Investor
  • Thermopolis, WY
ModeratorReplied

@Chip Chronister  unless you get a knowledgeable local to post you need to see an attorney in your area.  Every state has different tax sale laws.  In some when the sale takes place it is final.  Some have redemption periods, some have other laws.  You need someone who knows those laws.  The tax deed may or may not be a big deal.  Usually you pay the local Treasurer your back taxes and they file papers to remove the lien, in some you pay the person who bought at the tax sale.

  • Jerry W.
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