Legal Question in Real Estate Law in Wisconsin
Quit Claim deeds from county
Our county is offering for sale, parcels of land that have been acquired by tax deed. I offer a mailed in bid on the property, and if they accept the offer, a Quit Claim deed will be recorded in the Register of Deeds. I have been researching quit claim deeds, and I am confused. Does this mean I would be the full owner of the property? Would I recieve the title or do I need to apply for that somewhere, once the quit claim is filed? Would I be able to sell the property I bought on a quit claim? Basically what steps do I take to ensure I will be the owner free & clear on this property? Thanks for your help, Lisa
1 Answer from Attorneys
Re: Quit Claim deeds from county
You need to contact a title insurance company to get
coverage for the property you are intending to purchase.
Any other way of acquiring the property will leave
you uninsured, in the event a loss occurs.