Posted on: 11th Mar, 2010 02:00 pm
I bought a piece of property from a couple who bought it at a tax sale. I am now wanting to build a house on the property. When the bank went to get title insurance they discovered that I needed to get a quit claim from the owner who lost it by unpaid taxes.
We are trying to locate this person. My question is what will I do if this person does not want to sign the quit claim form? What is my alternative?
We are trying to locate this person. My question is what will I do if this person does not want to sign the quit claim form? What is my alternative?
Hi cg,
If the person doesn't sign the quit claim deed in your favor, then you won't be considered as the legal owner of the property. Thus, it won't be possible for you to get a loan on that property. I don't think there is any other alternative to obtaining a property deed.
Thanks
If the person doesn't sign the quit claim deed in your favor, then you won't be considered as the legal owner of the property. Thus, it won't be possible for you to get a loan on that property. I don't think there is any other alternative to obtaining a property deed.
Thanks