How Can I Get a Clear Title On a Property Purchased With a Sheriff's Deed without warranty?
Posted by taxliensCertain Texas counties hold Sheriff’s/Constables Sales on the courthouse steps to auction off properties that have been seized for unpaid back taxes; then they are placed in the Judgment Properties program where they will be offered to the public on a first come basis until such time as they are entered into the Resale Program. Once the County has Sheriff’s/Constables Deeds on these properties and the redemption periods have expired (except on properties with Homestead and Ag Exemptions), "For Sale" signs are placed on the properties. Opening and closing dates for the Resale will be advertised in local papers and bids will be accepted for a 30 day period.
Property is sold "AS IS AND WHERE IS" with no warranties. Sign placement does not guarantee property location.
Title insurance is the responsibility of the purchaser. Since the purchaser will have deed without warranty, a policy of title insurance may be difficult if not impossible to obtain.Purchasers will receive a deed without warranty from the taxing jurisdictions as trustees.
Here is the attraction… I can get lake lots for 0-00 in back taxes… far less than their value. I would like to purchase them, clear them off and sit on them until the econmy turns around.
