(67) COUNTIES OF FLORIDA TAX DEED INFORMATION AFTER YOU PURCHASE A TAX DEED THE NEXT STEP
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“The information provided in this Notice is not intended to constitute Legal Advice.”
IF YOU PURCHASE A PROPERTY IN FLORIDA THROUGH A TAX DEED SALE
YOU HAVE (3) OPTIONS
The title may be clouded and requires subsequent action.
This means that the Tax Deed does not have the ability to sell by a warranty deed.
It is a risk to the underwriters issuing the title insurance.
McheeleyPA
954.612.8585
OPTION 1:
Wait 4 years to get a warranty deed, however, that does not give you any title defense as to certain easements, restrictions and covenants. That could take an unknown amount of time and money to fix.
(CONTACT MARK CHEELEY FOR REFERRAL TO A SEASONED ATTORNEY AT 954.612.8585)
OPTION 2:
Quiet title action is a judicial process that is typically initiated by an attorney. It is used to legally quiet any claims/interest in the property. Due to the unpredictable court time and sending notices to prior owners and others that may have a claim(s) it adds potentially to hourly and material legal fees. This process can be both long and costly. The research-based method avoids these delays instead by evaluating that the clerk process was done correctly prior to auction and prevents the need for court involvement.
Quiet title action takes approximately nine (9) to eighteen (18) months.
It should be done by a seasoned attorney that understands the process completely.
An attorney’s fee may be more than $3,000. The attorney’s fees do not include court costs and issues that may arise. A quiet title may run as much as $5,000 or more.
Addition to county and municipal governmental liens, easements, restrictions, and covenant these items would not be removed by a quiet title action either.
(CONTACT MARK CHEELEY FOR REFERRAL TO A SEASONED ATTORNEY AT 954.612.8585)