I have been reading about quiet titles and have a question. Would I still be able to lease the property if there was a cloud on the title? Also, how should I research property before buying a tax deed property? 8-/
Check the title very carefully and examine the cloud or lien, figure out if it has a value and is legit. Then you make a calculation as to your exposure and if plus you lease. Disclose the item to the person who you lease too. You might try and remove it. If it is a mech lien, you might wait out the time period and see if he files an action. If not it can be removed and a title company will write a policy.
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Check the title very carefully and examine the cloud or lien, figure out if it has a value and is legit. Then you make a calculation as to your exposure and if plus you lease. Disclose the item to the person who you lease too. You might try and remove it. If it is a mech lien, you might wait out the time period and see if he files an action. If not it can be removed and a title company will write a policy.
Ihope this answers your question
Cheers Lucius