property unmarketable

property unmarketable

MagikLair@gmx.net (Brian)	10/9/2004 7:20:45 PM
Hello, I purchased a 2 acre lot from a tax forfeited land sale. The title is unmarketable, I have tried to contact the former owners of the property, to have them sign a quitclaim deed, but they refused to sign it. I believe the only other option is to legal action to clear the title. Am I correct? And about how much would it cost? And the property is located in Minnesota. Any help with be greatly appreciated. Thanks everyone, Brian



"I approved this message"	10/10/2004 7:21:04 AM
Naturally, the former owners refuse to sign. How much did you offer them for their trouble? Yep, suit to clear title is probably the way to go. Given that you are dealing with deadbeats, the former owners probably won't be able to contest it. My guess, if it is uncontested, $1-2 K. On the other hand, if someone crawls out of the woodwork to contest it, who knows? "Brian" <MagikLair@gmx.net> wrote in message news:24fc8b54.0410091820.4aff7749@posting.google.com... Hello, I purchased a 2 acre lot from a tax forfeited land sale. The title is unmarketable, I have tried to contact the former owners of the property, to have them sign a quitclaim deed, but they refused to sign it. I believe the only other option is to legal action to clear the title. Am I correct? And about how much would it cost? And the property is located in Minnesota. Any help with be greatly appreciated. Thanks everyone, Brian



MagikLair@gmx.net (Brian)	10/10/2004 3:07:14 PM
"I approved this message" <nospam@email.gov> wrote in message news:<DpOdnWMOT7m8tPTcRVn-gQ@giganews.com>... Naturally, the former owners refuse to sign. How much did you offer them for their trouble? Yep, suit to clear title is probably the way to go. Given that you are dealing with deadbeats, the former owners probably won't be able to contest it. My guess, if it is uncontested, $1-2 K. On the other hand, if someone crawls out of the woodwork to contest it, who knows? "Brian" <MagikLair@gmx.net> wrote in message news:24fc8b54.0410091820.4aff7749@posting.google.com...



"McGyver"	10/11/2004 10:33:56 AM
"Brian" <MagikLair@gmx.net> wrote in message news:24fc8b54.0410091820.4aff7749@posting.google.com... I purchased a 2 acre lot from a tax forfeited land sale. The title is unmarketable, I have tried to contact the former owners of the property, to have them sign a quitclaim deed, but they refused to sign it. I believe the only other option is to legal action to clear the title. Am I correct? And about how much would it cost? And the property is located in Minnesota. Any help with be greatly appreciated. What could be wrong with a title obtained from the government in a tax foreclosure sale? The sheriff's deed is the best of all possible deeds - it automatically clears all prior defects. Is this a case where there is a time period for the original owner to redeme the property and that time has not yet passed? McGyver



MagikLair@gmx.net (Brian)	10/24/2004 6:00:13 PM
"McGyver" <Greyprof@msn.com> wrote in message news:<2svugqF1q8lclU1@uni-berlin.de>... "Brian" <MagikLair@gmx.net> wrote in message news:24fc8b54.0410091820.4aff7749@posting.google.com... title is to sign the the What could be wrong with a title obtained from the government in a tax foreclosure sale? The sheriff's deed is the best of all possible deeds - it automatically clears all prior defects. Is this a case where there is a time period for the original owner to redeme the property and that time has not yet passed? McGyver Hello, I was issued a state deed. My understanding is I must wait 10 years from the filings of the certificate of forfeiture, then I can have a lawyer clear it for a reasonable amount. Possibly that's the Sheriff's deed that you mentioned. Does anyone know something I don't on this? Thanks Brian



Christopher Green	10/25/2004 4:36:23 AM
On 24 Oct 2004 18:00:13 -0700, MagikLair@gmx.net (Brian) wrote: "McGyver" <Greyprof@msn.com> wrote in message news:<2svugqF1q8lclU1@uni-berlin.de>... Hello, I was issued a state deed. My understanding is I must wait 10 years from the filings of the certificate of forfeiture, then I can have a lawyer clear it for a reasonable amount. Possibly that's the Sheriff's deed that you mentioned. Does anyone know something I don't on this? Thanks Brian Found this not-quite-helpful note from the Dakota County property tax forfeiture sale "facts you should know" (and several other counties post word-for-word identical statements): "The purchaser will receive a certificate of sale at the time of purchase. The State Commissioner of Revenue will issue a deed from the State of Minnesota after full payment is made. This conveyance shall have the force and effect of a patent from the State. However, services of an attorney may be necessary to make the title marketable." Ramsey County is a little more helpful; it mentions that the forfeiture creates a break in the chain of title which renders the title unmarketable and that other flaws may exist, all of which will generally require the services of an attorney to correct. There are also Minnesota properties listed "subject to obtaining trust patent for marketable title". So it seems the purchaser of such a property in Minnesota receives something less than marketable title. Exactly how much less is a question I suspect only a Minnesota real estate attorney will be able to answer accurately. -- Not a lawyer, Chris Green

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