Posted on: 05th Feb, 2009 12:54 pm
Want to quick claim deed to gain possesion of property that has been vacant for 8 years?...Owner has defaulted on loan. Loan company went under. has not paid taxes in 3 to 4 years?
Hi jojobean_66
From the information you have provided, I think, gaining the possession of the property will not be difficult for you. However, you will have to get in touch with the owner and also with the loan company or the mortgage servicer whom the company had given its administrative and other rights. And since you said taxes have not been paid for 3 to 4 years, you will also have check whether there is any tax lien on the property.
From the information you have provided, I think, gaining the possession of the property will not be difficult for you. However, you will have to get in touch with the owner and also with the loan company or the mortgage servicer whom the company had given its administrative and other rights. And since you said taxes have not been paid for 3 to 4 years, you will also have check whether there is any tax lien on the property.
The owner wants to sign over the house on a quick claim deed, the problem is, they don't want to be found due to unpaid loan. And how do I find out the mortage servicer? Could it be possible to purchase the house if i have interest in the property by paying back taxes, without getting stuck with the mortage due?????
hi jojobean,
i don't think you can purchase the house just by paying the taxes because if you pay the taxes you can remove the tax lien on the property, but that will not transfer the ownership to your name. why don't you ask the owner to quitclaim so you can refinance the house to pay off the debt. i think this will solve your as well as his problem. you can also involve a title insurance company, before taking over the ownership. that would protect you from any title claims in future. you can also consider a quiet title action, which helps to remove any cloud over the title.
i don't think you can purchase the house just by paying the taxes because if you pay the taxes you can remove the tax lien on the property, but that will not transfer the ownership to your name. why don't you ask the owner to quitclaim so you can refinance the house to pay off the debt. i think this will solve your as well as his problem. you can also involve a title insurance company, before taking over the ownership. that would protect you from any title claims in future. you can also consider a quiet title action, which helps to remove any cloud over the title.