Maryland is one of the many states that charges property taxes. When the owner of a property fails to pay the state property taxes, real estate investors can purchase the property at auction, sometimes for pennies on the dollar.
At PureTitle, we help investors and lawyers by providing property tax sale services and tax auction support in Maryland. To ensure you are making an informed decision about a property and reduce the risk of title issues in a tax sale, get in touch with our expert team.
Why Choose PureTitle for Maryland Tax Sales Assistance?
Purchasing a tax-distressed property can be an incredible investment opportunity, but it also involves a degree of risk. Aside from redemption rights, market volatility, and the chance that the property is in poor condition, one of the most significant risks real estate investors face is title issues.
The reason that title issues are so risky is that they can affect a buyer’s ownership rights and create disputes about ownership, making it impossible to possess, sell, or transfer the property. At PureTitle, we have years of experience in the Maryland real estate market, so we are uniquely situated to help you navigate the complexities of delinquent tax sales in Maryland.
We offer our clients comprehensive solutions and personalized guidance to minimize your risks and ensure legal compliance.
How Tax Sales Work in Maryland
Every state has different rules about tax sales. In Maryland, if a property owner fails to pay their property taxes, the property can be acquired by a new owner at a tax sale auction.
It’s important to realize that even if you win the auction as the highest bidder, you might not be able to own the property. Maryland allows the owner to pay the debt during a six-month right of redemption period. While there is a risk that the previous owner will pay the fees, a more significant risk is that the property has title issues.
At PureTitle, we do thorough research to identify potential title defects. This reduces your overall risk and can be done at any time, from before an auction to after winning the auction and before you complete the purchase.
Common Title Issues PureTitle Helps Resolve
One of the first steps we perform as part of our tax sale services in Maryland is a preliminary title search. We can also do title examinations and recommend reputable title insurance companies.
It is helpful to know what you are potentially up against when purchasing a tax-distressed property without marketable title. Some of the most common title issues we see in tax sales involve one or more of the following:
- Liens and encumbrances (including judgment liens, mechanic’s liens and HOA liens)
- Errors in the public record that make ownership rights uncertain
- Easements and right-of-way issues that can limit your use or enjoyment of the property
- Boundary disputes that require expensive litigation to resolve
- Unreleased mortgages or deeds of trust that linger with the property
- Title defects from previous transactions (where the conveyance was done improperly)
About Our Title Review Services
We are a full-service team providing title review services to investors interested in participating in tax lien sales and tax deed sales in Maryland. We can help you identify title issues and successfully clear those issues so that you can place the property you won at auction on the market.
Our services include:
- Researching and analyzing properties
- Performing title examination
- Doing due diligence
- Coordinating transactions
- Consulting
- Post-sale support and follow-up
Work With an Experienced Maryland Tax Sale Service Team
All investments carry risk, including investing in property through tax sales. It can also be a very lucrative opportunity when you take steps to protect your interests. PureTitle can help protect your interests by offering comprehensive tax sale insurance services and tax sale consulting in Maryland. For further Maryland tax lien help or to request a quote, call us at (504) 300-0520.
