Quieting title via time instead of lawsuit
A fellow land investor told me on small tax deed deals instead of paying $2k+ for a quiet title suit, I could just sell on a land contract with a stipulation for no payoff for 2 years minimum. 2 years pass and title is quieted via the passage of time, no lawsuit needed. I could convey via special warranty deed or even general warranty deed.
Is this correct? If there's still a tiny risk, I don't mind. I just want to be sure there's no major risk to this as I've never heard you could skip the lawsuit before.
Is this correct? If there's still a tiny risk, I don't mind. I just want to be sure there's no major risk to this as I've never heard you could skip the lawsuit before.
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Jay Hinrichs
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Jay Hinrichs
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CA is 5 years for most title companies to insure.. SC is 10 years.. etc.
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