Liquidation properties. FAQ
What is the condition? As is where is, absolutely no warranties. As such a bank may not finance. Having obtained the property from a recent tax deed we would have no knowledge of what works and what doesn't.
How about the title? We have a deed to the property. The title includes a deed from the state for non payment of taxes. Similar to a real estate tax foreclosure. As such a bank may not finance.
Owner financing? Possible with a large down payment. Typically 20% to 50% depending on the property and buyer. Interest of 8%-10% term of 5 years or less
Rent to own? No
Rent? Only if specifically stated so in the in the advertisement.
How do I look at this property? Do a drive by. Review all the information here. If still interested and capable of purchasing contact for interior access.
Can you hold the property? No holds without clear written contract. Verbal, email, text messages, etc. DO NOT hold property.
Whats the bottom price? This property is offered as OBO (or best offer). That may be lower or higher then the asking price. All offers will be reviewed.
What kind of deed will I receive? Seller will execute a quit claim deed.
Is title insurance available? There is a company that may insure the title. Buyers must put a deposit of $2,000 down, title insurance may take 60 days to process. If the insurance is denied deposit will be refunded, otherwise deposit is no refundable.
Are there any liens against the property? It is the intent of the seller to offer the property free and clear of any liens. A title search is recommend.
How do I make an offer? Offers can be made online, the agent you are speaking with caan send you a personalized link.
All of the questions and answers are subject to change. Seller provides no warranty of the answers. All representation are made by the seller directly and not the broker, if any, advertising the property for sale. All sales agreement are between the buyer and seller and not through a broker.