Avoid Redemption Through A Quit Claim?
I just purchased a tax deed at the monthly sale here in Atlanta. Georgia is a hybrid state, which means that there is still the chance that the property will be redeemed within the next year, and I will have to be happy with 20% return. I would really like to keep the property, and I have heard that this can be ensured by paying the previous owner of record to sign a quit claim. If I understand correctly, this would not only prevent the owner from redeeming, but it would also prevent any investors from buy the right to redeem from the owner, and it simplifies the final title aquisition process. Does this sort of thing make sense, and has anyone done it?
Is a right of redemtion waiver something we can type up, or a form that a RE lawyer needs to type up?
This waiver is a good idea....hmmmm, I think I might use this idea....thanks playground.
[addsig]
and then how can you get some pissed off former home owner to sign it....500$ cash, a few threats?...lol..j/k
This may or may not be the waiver....what do you think?
copy and paste this link
http://www.woodandmeredith.com/forms/entity_purchase.html