Posts Tagged tax deed property

How to Do a Title Search on Tax Lien and Tax Deed Properties

When you do a title search basically what you are looking for is Marketable Title. Marketable title is really the absence of liens and clouds, the absence of IRS liens, and the absence of missing links in the chain of title.

Missing links in the chain of title could be for example when the original a person owned a property for 40 years and then passed away and his kids started paying the taxes and eventually they want to sell the property. Well if there was no probate or no will or anything like that, then there is no indication of who should receive this property. It might be that the deceased’s will was to give it to his church. It might be that he mentioned to somebody, “You know what, when I die you’ll get this property,” and this person might even have a witness. Nobody can prove anything and the only solution here is to have the heirs go through a probate procedure to clear the title. For that you or they will most likely need to hire an attorney and it will take a few months.
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Add comment April 29, 2008


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