IRS Auction property - How to obtain title insurance?
I’ve purchased Properties from the IRS for the last 3 years and have held them to use on Airbnb - which has been extremely profitable - however, I’ve found another property I’d like to buy. I’m in the middle of doing a 1031 exchange — only to find that the current title company is completely oblivious to how the IRS issues title - this skepticism will ultimately lead to the sale falling through...
Unless.....I can find a title company familiar with IRS Auctions - and the Quit Claim Deeds that are issued after the redemption period.
Has anyone purchased property in Colorado or Kansas from an IRS auction? Have you been successful in selling? If so, which title company did you use? How long did you hold property before it was sold?
Would love input from anyone!
Cheers,
Christina