Congratulations! You’ve purchased a tax deed property in Pennsylvania. While you may want to skip to cracking open the bottle of champagne, the hard work isn’t over yet. Investors need to ensure that their assets are protected — a process that can be both time-consuming and expensive. By calling the professionals at Tax Title Services (TTS), however, you can have your investment insured and in your name in as little as four weeks’ time.
Read on to find out how TTS can help bypass the need for quiet title action and protect your real estate investment.
Oftentimes obtaining title insurance involves an action to quiet title after purchasing the property. An action to quiet title is a lawsuit that eliminates an alternate party’s claim to the title of a property. The process can cost upwards of $3,000 and can take anywhere from a few months to more than a year, during which time your investment will stay unprotected and uninsured.
The Pennsylvania Insurance Commission regulates title insurance, and the cost is set by the State of Pennsylvania. The cost varies based on the sales price or mortgage amount—whichever is higher—and the buyer is responsible for title insurance costs at closing. Lender’s title insurance is required in Pennsylvania for those who used a lender to purchase their property. Owner’s title insurance is not required — especially if the buyer paid cash for the property. However, legal experts in the area strongly recommend purchasing title insurance to protect the integrity of your investment.
Luckily, you don’t have to waste time or money in court: TTS provides the services you need to get a title in your name so you can obtain the insurance you need to protect your assets for years to come. Start the certification process now!
TTS offers a cost-effective and quick solution for real estate investors. Our certification replaces the need for a quiet title by certifying the completeness and accuracy of tax lien foreclosure due process. While we are not a title company, our tax title curative consultants will work with you and local vendors to certify that your property is in your name and insure your investment. We’ll partner you with a nationally recognized title insurance underwriter so you can pop the champagne finally and enjoy the security of your new property.
Save on unexpected fees and additional court costs with one flat fee. Our 2019 flat rate for properties under $200,000 is $1,950. We service all of Pennsylvania, but largely support the following areas:
As a real estate investor, it’s essential to ensure that your assets are well-protected and in your name in order to avoid future claims on your title from unforeseen parties. Contact the consultative experts as TTS today to get your certification process started. Your path to pain-free insurance and titling begins here.
Contact us today to learn more about our services in your area!