John needs to take further action to remove Mary’s ownership. The only people you can sell it to are those who have all cash and not everybody has all cash especially if you picked up a house… I‘ve bought tax deeds many tax deeds in Florida mostly houses and your buyer are going to want to use a loan and not going to pay all cash so that’s why you want title insurance so your lender will lend to your buyer and that opens up your market place to other buyers. I have got real title insurance not what Tax Title insurance provides. Sandra: This is The Queen of Tax Deeds podcast for real estate investing, session number one. You can’t wipe those out. But if you are doing a quiet title, they do hire, you are supposed hire actually your attorney that’s representing in the quiet title with hire an attorney. Sandra: I don’t know about that. Our biggest client base are those people who do a couple deals a month all year long. If you don’t want the property, what if we sent you some money for a quick claim deed in lieu of having to sue you in court because I’d rather pay you Sandra than an Attorney. I do have a lot to offer and I really enjoy giving and being generous with my information. So in 1995 I found a full commercial on tax liens and I was up late one night so I went to a seminar because I get these calls on tax deeds. What do you want to do with this? He got notice. But imagine having this asset and can’t do anything with for 6-9 months and mean well and stretching forward as you’re probably aware. We’re slap in the eye. Please log in again. You have to take some action. I remember the email said something about, “give her the key right away.”Cause they knew they were wrong. The judge may have said that John gets the house, but that doesn’t actually remove Mary’s ownership interest in this property. Always do your own due diligence and do not solely rely on the information provided here. They won’t lose in this. They got a full price contract for172,000. He can wait until 12 months has passed and then see if a buyer could get insurance; or, and you’ll want to run this by the title company first, your client could go on the offense and file what’s called a “quiet title action.” Quiet title lawsuits are common in the real estate world. And so I started looking into it. You should have told Wells Fargo,” hey we got notice. Miami Dade County got notice. We do our job in the back end and handle your title issues so focus on buying right. We recognized that they were wiped out. We contacted the foreclosing Attorney cause the foreclosing Attorney hasn’t updated his title search that picked up the tax deed that was issued before they got their own certificate title. Thanks for listening! I watched the seminar who mentioned tax deeds and how you can make money that people have to pay property taxes and if they don’t pay their property taxes the county will auction off their property and the person that buys it at the auction gets immediate possession. I am paying for the title insurance thus I am running this title through Westcor and if you don’t like it, don’t buy my property because otherwise that attorney, that buyer’s attorney, if he’s not underwritten byWestcor, let’s say he’s underwritten by Fidelity the Republic Attorneys Title, they are going to go, “Hey Sandra, we can ensure this for 4 years.”. Sandra: Answer some of the critics because I’ve had people challenge me and say this, “well I’m sure there are probably a whole bunch of exceptions in the title policy because you have the Tax Title Services instead of a quiet title.” And I tell them all the time, “it’s pretty much the same thing.”. So I bought mortgage foreclosing titles so I could speak with Attorneys. So I created their network. That insurance can be vital to maintaining your investment portfolio and keeping your investing going smoothly. There are two main things that he talked about; one was ‘join your local real estate investors association and I did that and then he also talked about wholesaling and I also did that. We want to be able to pay within 30 days. Dave: Yeah, when our fees are again, with our portion of the fees are seven $750-$1500 on average and the total though if you go to the website, there is a pricing schedule, it is based on the value of the property, the range. So I went out and started buying tax deeds. They lose that right so for four years our service eliminates the four years but it comes with… Your marketability to shop your title around and get future insurance on that is going to go through the insuring title company because we can’t guarantee you that old Republic or Attorneys will insure you again. Again all broken down on the website. Dave: Correct. You have to take action. How I’m talking to you, I can go toe to toe with that Attorney. At a 15,000 you’ve only had like two or a few claims, that’s amazing! We’re just title people trying to clear titles, make the title companies feel comfortable, protect them, protect you, protect even the owners and mortgage holders on their due process rights and make sure that they have the chance to respond because if they don’t they may end up taking your title from you. Looking forward to the next time and seeing you again. Within four years I was tasked to develop the national defog group which was where lenders could come to one office and we can handle all the title work for foreclosure and REO from one office. You all can contact me by going to my website, QueenOfTaxDeeds.com. Buy title insurance. Why is the owner still living in the property? That’s 20 grand a month. So there is caveats to Florida and South Carolina is you want to pay for the title insurance for the buyer. They start bidding and if they get eye contact with the other bidder sometimes they just keep going. What’s wrong with a tax deed? We got in trouble for not issuing the certification which was like that makes no sense to me. And I had a project to clear a property where code enforcement normally put a lien on this gentleman’s property because he wasn’t cutting the grass or anything. National Real Estate Investors – a parent organization to many real estate investor association throughout the United States. The website is a very extensive website. Many investors who got in the business know about this book. One of them just started last year, the other one has been around for a couple of years but again they have been… We are the pioneers.Sandra: All right Dave. I also told him there was another buyer who held a contract that was unexecuted, awaiting my quiet title judgement a few months out. So we’ve got… That helps. Always do your own due diligence and do not solely rely on the information provided here. The balance was $13,000 we wrote a check for 13,000 to Miami Dade. So that way I can contact the owners and I would contact them by looking up their information on the Property Praisers website. Let’s say Dave and Sandra were the owners of the property. I joined the organization. Listen it wasn’t me that did this. Sandra: Yea, they’re quite a few states like that and Florida luckily you don’t have to do the noticing yourself. Dave: You nailed it. That’s where you basically sue the former owner who lost it to tax sale, who didn’t pay the taxes. They get all excited, I am going to change my life and it goes back on the shelf and the next time they get all stressed out and they want to change their lives they buy another book. Dave: Sure. Can you talk about that? Dave: No, no. I can’t use the technique like “you got a title problem so I don’t want to discount”. Joining me will be Dave Schumacher of the President of Tax Title Services. In other states we have to actually order that and that can take up to 30 days to get and it is not online. We try to give current news but everything [01:17:10 distortion] you can place your order online, you could track your order online, you could pay online. As the recognized leader of quiet title action alternatives, our certification is accepted by most title insurance companies in over 20 states. Dave: Well, we’ve only had one… Two paid claims in 15,000 orders. Title is… the deed. And so that kind of slowed down the process for us and I don’t remember how we got it cleared up. Why don’t we send her another notice? Thus, a “Quiet Title” action is almost always required if the property was acquired by a tax deed. Imagine buying your dream home, closing the deal and then realizing the previous owner hadn’t paid property taxes for several years. Sometimes I even download it and say, “Hey, here the file.” Anything just to make sure it goes by a little bit faster because I realize I am marketing the property and usually by the time I find a buyer, it’s ready to get the certification. They got the offer right there and the paper work. Check your email.” “Dave will your client cooperate?” And then that’s when you go into mediation and by back and workouts. Figure out if there is cold liens against the property. So then I would make sure I picked my own title company cause the first deal I didn’t and I learned the hard way why it’s important to control the title company. While a lot of people were sending letters I was knocking on the doors cause look I worked as a TV News Reporter and they would send us out to go know on other people’s doors and usually when I knock on the doors it was not good news. Typically “Quiet Title Action” can take from 6 months to a year to complete. The risk of challenge is low. We’ve had like three or four of those but we really only had one or two paid claims. Once you do start making a bid, you start feeling more comfortable. I wish that could come cross more with the industry. So now you have this tax deed and that’s title. So it’s one of our biggest states and we work with most sales people like your clients. Whenever doubt or ambiguity arises as to ownership in a title search, the title company will not issue a title insurance policy. A quiet title action is a legal procedure that seeks to “quiet” claims to the property, so that an owner is guaranteed a clear title. A quiet title action is a lawsuit that is brought in circuit court to clear a party’s title to real property. We get caught up and auctions and then once you feel comfortable with that then you can start… I think that’s probably what your boot camps. Dave: That’s the knowledge base sale. Scared out of your wits, well it’s the same thing with tax deeds and going to your first auction. Call us today to at (phone) to help you clear your next tax deed. So we’re going to have these podcast and hope to continue sharing great information with you and we’ll go ahead and bring on our first guest. Looks like a notice was sent to you and not delivered. They just go and they go past their number sometimes. Like Sandra what do you do outside of the teaching? Sandra: I know exactly what you’re talking about. We can tell youWestcor will or other underwriters that we work with will. I call it calculated risk. While most home purchases are completed with very little hassle, some do involve issues with the title. Play the video and watch how I spot the potential motivated sellers. Title companies don’t like to do these things because imagine you buy this tax deeds, Sandra you bought this tax deed and try to go sell and then all of a sudden the former owner comes back and the former owners and a lot of time you got to do… Why do people not pay their property taxes? So within the first couple of months and I had locked up three deals, was making good money, was an amazing feeling to be able to make your own money that you made out of thin air appear. In this Session we discuss the process of getting title insurance on Tax Deeds. As result, the purchaser of the property at the tax deed auction will be unable to sell the property through a title company and obtain insurance on the title. And you’re like, ok. There’s always going to be some Attorney or case file out there that scares them and again they’re an insurance company and they don’t really like risks and this is kind of a risk product. Contact me through there. Whether everybody got notice, whether everybody didn’t get notice, what’s the risk of people coming out and attacking that title? Don’t get emotion involve your deals. So I remember I bided on five properties pack on my first time against a blind bid, I got all five. We’ve worked with Westcor. You can also join REIA in your organization in your area. This is just recommendations that I have seen clients, what I have seen you do Sandra, is you want to control the transaction, you want the buyer –, “Mr. The most common claims filed against a title are back taxes, liens, and conflicting wills. We only charge you 750 of that upfront as a nonrefundable deposit and that just covers our initial things that we pay for you like the title search that costs $250, our review fee to look at it is 375 and then the skip tracing to locate affected parties to make sure that they were notified, that’s another 150. Code enforcement liens were pretty high, about 8000 and they negotiated with us down to 4000. That’s never going to change. Dave. Welcome investors to The Queen of Tax Deeds podcast, uncovering the real estate secrets of making money with OPT, Other people’s taxes. So because of that we know that not every title company is going to insure you. Sandra is part of your team, I am part of your team. Sandra: That’s nice. The intention is to build more and have more available for you as this happens. There are many situations when you might want to file to "quiet title." Dave: We have had, we’ve total cold lien showed up and we missed that and we wrote that but that wasn’t really… We don’t consider that the claim. So while I was developing… to develop that title product I was buying mortgage foreclose properties cause it’s a knowledge based sale. We don’t trust that that noticing is always done right. Buyer, I purchased this prior to a tax deal. I started in their mail room when I was 21 years old and I built my career through them. We’re just going to look at the noticing and if we see that noticing was sent to Sandra and that notice came back undelivered well Sandra maybe an adversarial party roaming around not knowing about the tax sale. The Tax Title Services Alternative to Quiet Title Actions. One of the things that I also realize is that you’re also an investor as well as a title guy and business owner. Additionally, title insurance will not be possible in most locations without first having followed through with a Quiet Title action. On my website www.QueenOfTaxdDeeds.com, I’ll have a special section for the podcast with show notes which will include some links, transcripts, some, you know outlines of what we have discussed. What about if there was a mortgage on the property? If you get an address for the house, you look it up on the local assessor’s website or Property Praisers website. I don’t understand especially if you give the guarantee. What’s 20 houses times a $1000? It wasn’t even on the particular property I bought at a tax sale and this happens all the time in Florida. “Well Dave everybody got notice. The cost in that running. Looking for a way to obtain title insurance without a quiet title action/ re-foreclosure. Distressed ugly looking houses and I wrote down the addresses of these houses any time I came across them. No, the biggest teacher is usually experience. 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