Greetings y'all! I've been researching Tax Deed Sales here in FL and I have a few questions I'm till unclear about.
- When you go to the Tax Deed Auction, are you bidding UP the prices, like a normal auction, or bidding DOWN the interest rate on a Tax Lien Purchase?
- Assuming you "win" the Auction, you pay for it at the time and then get the "Deed" to the property, which entitles you to "use" it. However, as I understand things, the TITLE does not convey with the DEED, per se. If I don't have "Clear" and/or "Insurable" Title, what happens? How can I tell if there are any Title issues before I purchase the Deed at auction.
Title = Collection of intangible "Rights" to a property, but no physical document.
Deed = Physical Legal Document that allows someone to physically access and "use" the property.
How can I ensure both are good to go after purchasing the Deed at auction? Thanks. Cheers!
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source https://www.reddit.com/r/RealEstate/comments/11as0qo/fl_tax_deedlien_sales_title_questions_and/
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