HUNDREDS OF PROPERTIES
HUNDREDS OF SALES
Liquidation properties. FAQ
What is the condition? As is where is both in terms of title and condition, absolutely no warranties. Having obtained the property from a recent tax deed we would have no knowledge of what works and what doesn't.
How about the title? We have a deed to the property. The title includes a deed from the state for non payment of taxes. Similar to a real estate tax foreclosure. As such a bank may not finance.
How do I look at this property? Do a drive by. Review all the information here. If still interested and capable of purchasing contact for interior access.
Can you hold the property? No holds without clear written contract. Verbal, email, text messages, etc. DO NOT hold property.
Whats the bottom price? This property is offered as OBO (or best offer). That may be lower or higher then the asking price. All NON CONTINGENT offers will be reviewed. Non contingent means that the buyer does ALL of their research prior to making the offer. This is significantly different then a retail property which would typically have a contract period for contingencies or diligency, prior to closing.
What kind of deed will I receive? Seller will execute a quit claim deed.
Is title insurance available? In short, No it is very unlikely you could get typical title insurnace. There is a company that may insure the tax lien titles. However the process requires non refundable upfront fees, and in my experience takes months. Seller would not hold during that period.
Are there any liens against the property? It is the intent of the seller to offer the property free and clear of any liens. Seller does NOT make any title promises.
How do I make an offer? You can text the amount of a non contingent offer any time.
All of the questions and answers are subject to change. Seller provides no warranty of the answers. All representation are made by the seller directly and not the broker, if any, advertising the property for sale. All sales agreement are between the buyer and seller and not through a broker. Distressed properties are broker owned or related