Tax Lien and Superior Liens
Greetings,
If I buy a tax lien if there any HOA, IRS and DOJ liens on the property are they my concern, or are they wiped off through a Quiet Title Action?
Thanks in Advance
Most Popular Reply
The HOA lien is wiped out.
You can usually wait for the IRS lien to expire after 10 years or try to settle for pennies on the dollar.
I rarely ever do a quiet title. I have cleared up many by getting Quit Claim Deeds from previous owners and a mortgage release if their was an old mortgage. I pay the old owner a few 100 for their time and the mortgage companies have given me their release just for asking. Once I've done that I can get normal title insurance. Most properties I keep and rent and many still have a Tax deed.
I have even sold a few properties for cash to an investor with a Quit Claim deed.
I rarely see the need for a Quiet Title.