Real estate investors know how important it is to verify a property’s title and confirm that it is free from any defects. While thoroughly researching the title on properties being sold at county auction will help you avoid making bad investments there is still a significant risk associated with such transactions. It’s important to understand what options are available to you in order to clear the title and obtain title insurance.
There are two ways investors can qualify the title to their property for title insurance: quiet title action or Tax Title Services Certification. Each process reaches the same goal, but they involve varying monetary and time commitments. Understanding both options will help you invest more wisely in real estate.
When you’ve purchased a tax deed property, one way to clear the title is by filing an action to quiet title. Essentially, this is a lawsuit that is used to settle rights to ownership of real property. If done correctly, the lawsuit will effectively eliminate anyone holding an interest in the title.
While seemingly simple, filing an action to quiet title is a complex process that involves thousands of dollars in litigation fees. Moreover, depending on how many parties of interest exist on title, the lawsuit can last anywhere from a few months to over a year. The longer the action to quiet title takes, the longer you’ll have to wait to formally close on the property and purchase title insurance to protect your assets.
A less expensive, speedier process exists through the title certification services offered by Tax Title Services (TTS). Working with curative consultants at TTS allows real estate investors to purchase title insurance whether their desire is to sell, refinance, build, or hold as a protected asset. Our team will carefully review your title’s history, verify the accuracy of the foreclosure process, and allow you to obtain the peace of mind that comes with holding a title insurance policy.
The entire process takes 25 to 45 days and costs a one-time fee, keeping you free from unexpected litigation fees and speeding up the time it takes for you to close on and cover your investment.
TTS provides an extensive and comprehensive certification process, touting over 45,000 tax deeds certified nationally for title insurance since 1999. Our team of expert consultants have the skills and knowledge necessary to get your title cleared and covered in no time. With a one-time service fee, quicker certification time, and proven process, TTS will have your asset eligible for any title insurance need you may have in as little as four weeks.
Contact our team to start your tax deed certification process today!