Florida Tax Deed Quiet Title: What You Need to Know
Information from a Skilled Jacksonville Quiet Title Attorney
When you invest in a tax deed property, you probably plan to sell it for a return on that investment. Buyers will insist upon title insurance in order to insure their purchase, and you need a quiet title to get title insurance. A tax deed quiet title action is a lawsuit that is brought in a court to obtain a final determination as to the ownership of a specific piece of property. It is usually brought when various individuals can assert a right of ownership, or possibly having a right to assert ownership, to the same property. Determining who has the title to a property can be difficult because real estate changes ownership often.
When several individuals can have the right to assert ownership to the same property, a tax deed quiet title allows for a final ruling as to who owns the property.
Potential Claims on Your Property – Removing the Cloud
A tax deed quiet title suit can also be referred to as a “suit to remove a cloud” on the title to your real property. In some cases, a buyer of real estate may have to defend his or her full ownership of the property. Should this occur, the title to the real property is considered “clouded.”
A cloud can be defined as follows:
- Any claim to ownership of the property
- Any potential claim to ownership of the property
- A claim of full ownership of the property
- A claim of partial ownership of the property
A landowner can initiate a tax deed quiet title action whether or not anyone else is asserting their right to ownership of the property.
Filing a lawsuit of any kind is a complex process with much room for error. You may be able to significantly increase your chances of a favorable outcome to your tax deed quiet title action if you are represented by an attorney who is intimately familiar with property law, real estate law, and tax deeds. Contact The Law Offices of Robert Peters P.A. today!
Why get a Tax Deed Quiet Title?
Tax deed quiet title adds marketable value to your property. When you're the successful bidder at a tax deed sale, the deed to the property you obtain should be free and clear of any other liens or encumbrances, except for certain excluded liens for municipalities, etc. Unfortunately, that's not always the case.
A quiet title lets the court view all actions and deliver their judgment about who owns the property.
You have to get a court ruling that “quiets” any and all claims that could be asserted by other interested parties and that gives you legal and marketable title to the property.
Cost of a Tax Deed Quiet Title
Overall, the entire process from start to finish usually runs somewhere in the neighborhood of $2000-$3000. Each case is different and the final price is dependent upon several factors such as the number of individuals on the original title and the complexity of the case.
Call a Jacksonville Tax Deed Quiet Title Lawyer Save You Time & Money!
Obtaining a tax deed quiet title is a legal action, and getting help from a Jacksonville quiet title lawyer from The Law Offices of Robert Peters P.A. who specializes in these actions can save you both time and money. Attorney Robert Peters handles quiet title actions throughout Florida. He has the knowledge and the experience to get the job done quickly, affordably, and with a positive outcome for you.
Robert has a degree in real estate from Florida State University and is a real estate investor himself, so he understands the process. With him on your side, you’ll be able to get a clear title on your property so you can proceed with selling or re-financing as quickly as possible.
Contact our firm today for more information about your legal options!
Obtaining a Clear Title for Your Property
Whether you are a newbie or a seasoned investor, you’ve come to the right place! One of the smartest and little-known ways to invest in real estate is by purchasing tax deeds. While the nation has struggled for the last few years with a real estate market that at times felt it was dropping through the basement, intrepid real estate investors have been quietly buying up properties that taxes have gone unpaid.
This booklet is by no means an exhaustive overview of the topic; it is really just an introduction. For those of you who are already hip-deep into the real estate investment process, it might even be a bit of a refresher course.
Snippets from the Prologue:
” … The easiest way to understand a quiet title action is to see that basically it is a lawsuit, brought against anyone who may be able to claim title to the property you have…. ”
” … Generally you can count on it taking anywhere from 3 – 6 months for the case to go through the courts once the search has been done. It could be as quick as two months if the number of claimants is small … ”
” … There are no restrictions to the purchasing of a tax deed certificate. The only requirement is that you have the cash on hand to make the purchase when you bid … “