Investor · Indianapolis, IN · Member since 2010 · 117 posts · 41 votes
Hi all,
I recently purchased a property with a house on it that included the vacant lot next to it. The prior owner received the lot from a tax sale in 2009. They did not do anything with the property, just left it vacant. When I purchased it the title company would not insure the title so I started inquiring about doing a quiet title on the property, I would like to sell it to someone wanting to develop it. Recently I found that Meridian Title has a product called Tax Sale Certification where they will issue a title policy in 10-15 days but the fees are higher. Has anyone used this product? Did you or your buyer have any issues when they went to sell the property? Thanks for any advice.
Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
8y
All you need is a Quit Claim deed from person who lost property via tax sale and a title search to make sure nothing else is going on. Then you can get regular title insurance if you want it.
Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
8y
All you need is a Quit Claim deed from person who lost property via tax sale and a title search to make sure nothing else is going on. Then you can get regular title insurance if you want it.
All you need is a Quit Claim deed from person who lost property via tax sale and a title search to make sure nothing else is going on. Then you can get regular title insurance if you want it.
I don't know who the person is that lost the property at the tax sale. It happened back in 2009.
Real Estate Investor · Indianapolis, IN · Member since 2014 · 316 posts · 165 votes
8y
I've used them several times. They'll let you know usually between 10-15 days if they'll insure title but they don't close that quickly. if you have any code enforcement liens you'll still have to pay those where a quiet title gets rid of them. Also, if no liens, I've used Best Title where they'll give the buyer a quiet title and close in about two weeks. It's 1200 bucks. Especially, if it's in Marion County. Marion County is really good at doing notifications it speeds things up a bit. A quiet title is better than the tax certification so if it's cheaper, faster, and better, check it out.