Quiet title, what is it and what do I do with it?

Video Highlights:
Quiet title is a lawsuit to settle property claims, but the process is handled by an attorney hired by the property owner.
🕒 The process typically takes 3 to 6 months and costs $3,000 to $5,000, potentially more if there are multiple claims to settle.
💼 Quiet title applies to all types of properties, including agricultural, commercial, and residential.
💰 Buyers at tax defaulted auctions will require a clear title, often through a quiet title action, before purchasing a property.
⚖️ Options for selling tax delinquent property without completing a quiet title include selling on contract with an installment plan.

Key Moments In This Episode:
0:00 - Intro to Quiet Title Importance
0:45 - Quiet Title Process and Parties
1:43 - Costs and Attorney Expertise
2:32 - Tax Lien Auction Winners' Needs
3:47 - County's Role in Title Defects
5:08 - Ted's Quiet Title Experiences
6:31 - Necessity for Title Insurance
7:29 - Alternative Selling Strategies
8:43 - Legal Aspects of Quiet Title
9:39 - Aiming for Big Money in Real Estate

Learn more about Ted Thomas:
Ted is an American Original - teaching people just like you for over 30 years how to buy houses in good neighborhoods for 30% to 50% of their market value. He teaches how you can sell properties fast for thousands in profit, and how you can ‘rinse and repeat’ this process over and over again - just like his students have - and make your financial dreams a reality.

Ted Thomas is America´s Tax Lien Certificate and Tax Deeds Authority. As an international speaker, Ted has dedicated himself to finding and teaching the best, and safest, investment strategies. He teaches how to create wealth with minimum risk with easy-to-learn methods. Ted’s strategies developed over decades of successful real estate investing can help everyone. From regular hard-working families to senior citizens, to young families and professionals.

Ted chose to teach Tax Lien Certificate and Tax Defaulted Property investing because it is Certain, Predictable, and Secure. He is a specialist in teaching Advanced Tax Lien Certificate and the Tax Defaulted Auction processes and concepts to investors and professionals. Industry insiders consider Ted Thomas to be America’s Tax Lien Certificate and Tax Deed Authority. In the past three decades, he has pioneered many new techniques and strategies for Investors and Professionals.

Before investing in tax lien certificates or tax deeds, it is important to seek professional advice from attorneys, financial advisors, and CPAs. Whenever earnings are shown, it should be noted that the earnings reported are likely to be higher than the average student may achieve. Tax-defaulted real estate carries risks, and there is no financial guarantee offered or implied.

#taxdeeds #taxdeedinvesting #taxdeedsale #taxdeedauctions #tedthomas #realestate #taxliens

1005 - What Is Quiet Title - DUO with Randy

[paulridley]

I have been told that all debts (bank mortgages, mechanic’s liens, etc.) other than government liens are wiped out by the tax lien or tax deed auction!

[narsimharaomacharla]

Instead of Quiet Title, the other option is Sale Contract. What if some claims the title during this sale contract period? What resolution steps do we have and how to tackle any claims during contract sale period.
Assuming there are no claims during the sale contract period then does it mean that the title is cleared and title insurance can be taken?

[georgiasmith]

Can you file a quiet title action right after you purchase the property and get a clean title for the property before the time allowed for the person to pay you back to regain the property and it be completely yours?

[georgiasmith]

Does a quiet title action cancel out the waiting time to receive a full title and any liens and mortgages on the property and house if it has one on the land. For example, if the person was still paying on the house to a bank and never finished paying for it and the property was foreclosed for delinquent taxes.

[Bob-gnph]

Hi Ted❤ 18 years ago I bought property from an elderly woman who never got her dead husband off the deed, I have been paying the taxes and it shows up in my name and the dead man's name, I filed his death certificate with the courthouse but it didn't take him off the deed, how can I get this dead person off my deed? Thanks Ted❤

[jorgeruiz]

When is the auction in California please.

[narsimharaomacharla]

I believe Texas State has 6month redemption period for any tax deed sale, so basically I can do quiet title or sale contract only after redemption period is over. During this redemption period do i owe any taxes on the property? Also, does the mortgage lien or deed of trust wiped off for tax lien properties in Texas?

[ArminBehroozi-rg]

Can somebody that is living in the home file the quiet title when the house has been foreclosed on and sold underneath them especially if they’ve been living here for 20 years