[dr_optical]

I purchased a lot in Arkansas at a tax sale. The redemption period has passed and I have received a Limited Warranty Deed from the state of Arkansas.

If I understand it properly this type of deed does not warrant the title (which surprises me.) When I sell the property would the appropriate course of action be for me to convey the property with a Limited Warranty Deed instead of a Warranty Deed?

Thanks for your help

Andy

[Fr_Chuck]

I personally quitclaim all of my tax sales,
And no, not sure why you were surprised, there is never a warranty deed at a tax sale, since other debts or liens, such as IRS or city taxes can still be owed. Also there could be issues with the deed from two or three owners ago that were never cleared. They merely sell what ownership they have due to the unpaid taxes.

[dr_optical]

I just want to give any potential purchaser as much peace of mind as I can without incurring more risk for myself.

Thanks for the reply

Andy

[jdizzo]

Chuck - when you quitclaim your tax sales, are you able to sell that piece of property? Or do you have to worry about a mortgage if there is a mortgage tied to the property?

[Fr_Chuck]

The quitclaim is a sale, I give them that deed when they buy,
I often do various, I often hold a mortgage myself, or do it as a contract for deed,

As long as the buyer does a title search and buys title insurance seldom was there issues in getting a mortgage.