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
#5 All Forums Contributor
- Investor
- Greer, SC
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.