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How many years must pass before marketable title can be claimed from a Tax Deed in Florida?
Wiki User
∙ 12y ago
In order to be able to sell or mortgage the property you need to bring a Quiet Title action in the appropriate court. The decree will bar any future claims against the property and make it insurable. You can review a good discussion of the procedure at the link below.
As mentioned above a quiet title will make void and nullify inferior liens and encumbrances but superior encumbrances will stand regardless of filing the quiet title action.
After acquisition of a tax deed in Florida there are basically three options.
1. Sell your interest in the property via Quit Claim Deed without insurable/marketable title.
2. File your quiet title action and after being favorably adjudged in the Civil Court of which the property lies, you can then convey the property free of inferior liens but any superior liens will need be satisfied and those parties of interest should be acknowledged and paid prior to filing.
3. Do not file your quiet title action, hold your interest in the property for 4 years, pay off the superior encumbrance/lien holders and make sure you pay all dues, taxes associated with the property during that time. This in essence will purge the title of those inferior parties of interest holding an interest. In accordance to the general underwriting practices you will have insurable title.
Wiki User
∙ 12y ago
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What is difference between marketable title and insurable title?
What is difference between marketable title and insurable title?
What is acceptable evidence of a marketable title in real estate?
A title examination that shows no title defects or other encumbrances, and, title to be in the seller is acceptable evidence of marketable title.
What is meant by curing title?
this means there are problems with a title preventing it from being marketable to add additional proof of ownership negating those problems would cure the problem
How long does physical property have to stay on your land before it is yours?
in Illinois it is 7 years continious possossion when claimed under color of title
What is a creative title for a Florida newspaper?
* Florida Sun * The Flower of Florida * The Florida Flourish
Does a title agency in Florida require an attorney to determine the quality of title?
Florida law requires a qualified title examiner. This can be either an attorney, or a licensed title agent.
How do you get a rebuilt title changed to a clear title in Florida?
You should Inquire at the Florida Department of Motor Vehicles.
How could I get an insurance policy for a car with a rebuilt title in Florida?
no i don't think you can you can get a title for a total in florida
What is the purpose of a title search?
To determine the owner of the property, the liens on the property and the judgments against the owners that may attach to the property. It is done to assure the buyer and/or the lender that the title is clear and marketable.
How do you write a sentence using the word claimed?
The underdog claimed the heavyweight title in last night's main event.
Which Russian king first claimed the title of Tsar?
peter the great
In Florida am I responsible for old liens on a foreclosed property I bought from the bank that took title?
You should make sure of the situation before signing on the dotted line--the title company should have provided a clear title (no judgments, liens and so on).
