When to Use Quit Claim Deeds - Tax Sale Investors

A viewer recently asked a question about the best time to use a Quit Claim Deed. In today’s video we answer that question, including how we can apply it to tax sale investors!

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[breezexue]

How can I prepare quit claim deed contract and get notarized ?

[mercurynfo]

1) Self transfer (e.g., individual to trust, LLC to individual, etc.) 2) marriage to add spouse 3) remove other interested parties 4) family transfers 5) any case where no liens exists 6) previous owner of foreclosed property to clear title and get title insurance 7) when legal access from a bordering neightbor may be needed 8) when you suspect or know that title is not insurable because of lien which requires a slightly lower price (if buyer agrees).

[marikinnear]

Hi, I need to file a quit claim deed to transfer a property from my sons name to me his mother to myself in El Paso Texas. Can I do that myself or do you know any attorneys in El Paso, Texas that you can you recommend

[Re-liner_outdoors]

I’m looking to buy some raw land that was bought in a tax sale. The guy has a quitclaim deed on the land. How can I make sure the title is clear and is it possible to build a house on land with a quitclaim deed

[gabrieldominguez]

Hi, What should I do first to buy a house with quit claim deed sale?

[TheChoice]

Would i have to pay taxes on money received from a quit claim deed

[rpgviking]

The home I lived in for the past three years owner past away leaving the home to my roommate he never settled the estate or even put the deed in his name since then I have assumed his dept to place the bills in my name and invested $$$ bringing the home to up code.what's the easyest wat I can sell the home

[Justshill]

I'm in Tennessee where there is a year redemption period on a tax deed sale. If I can locate the owner and get them to quit claim deed the property to me within the redemption period, will I nullify the need to clear the title? After I file the quit claim with the Chancery Court am I entitled to a refund for the monies I paid over the actual tax debt that preceded the sale?

[OliviaAlreadyKnows]

I’m very new to this and never heard of quit claim deeds. Thanks Casey !

[chrispure]

To add a spouse to deed in texas, what documents are needed?

[MyMlorenzo]

Is a Default Judgement (CC Debt) against current owner tied to the deed of the property? In other words will CC debt survive a deed Tax sale? This is in Pannsylvania btw. Thank You!

[jeheywalker]

Hi Casey! I am trying to bid on tax sale property and as I looked up the current deed, its recorded quit claim deed.( looks to be transfering in between family members). Now when I win the bid and try to resale the property, is this something that can be an issue? I am in NC, and I had no problem resale property after I acquire from tax sale ( commissioner’s deed). Thank you always for your insight and any advice would be greatly appreciated!

[julianregnier]

If a child receives a quit claim deeded house won't there be a 55% gift tax?

[glyndadenning]

What if you are a renters, and the owner did not pay the property taxes, and you paid all the taxes on it? You should be able to put a quiet claim deed on that property for taxes you paid

[feliciaringgold]

I have a house that The tax on the house wasn’t get paid for for years they owe 152, 000 on it I offer to get a quit claim deed on it and the owner said ok if I do it will the taxes on the house go away or will i be stuck to pay it . Or can I sell the house 🏡

[eshacooper]

Would love an ebook so I can have the information now.

[cherylelsberry]

My mom and dad had a piece of property quit claimed to them, after47 years mom died- Dad wants to Quit claim property to kids and himself (he is 84 currently) - we went to county courthouse with an official quit claim form and a death certificate for mom. 4years later we get a notice that quit claim can not go through “The deed contains discrepancies in the ownership and will need to be corrected and re-recorded.” They had a phone number if we had questions. We called and they said “in essence will you need to have two forms in order for this to go through but we can’t tell you what that is because that’s giving legal advice.” So is it a “Lack of Probate Affidavit “ and “Excise tax Affidavit “ what is needed? Mom had no debt and practically nothing in her joint account which is also Dad’s

[mohammadramezani]

Hi
Question, if I want to sale my house right after getting it by quitclaim deed do I have to pay property tax
If yes how much, let say the house is $365000 and it’s in Florida
Thank you

[tiredtreasurestore]

Would a quitclaim affect homestead acts. My husband is a senior. I'm younger. He's exempt from property taxes. Would that change. If my name was added to the deed? Thank you..

[sandrawilder]

My property is in foreclosure by on a drawn out forclosure, I did a bankruptcy. The somebody bought it at auction but due to the moritorium can't get the sale approved. I want to get it out of my name so I am considering a quit claim. What do I need to watch out for, will I still be liable for the property taxes since the come out in Nov.?