If you want to purchase a property in a tax sale, you can get good deals and below-market prices, but it helps to have an experienced deed compliance expert on your side. That’s where PureTitle comes in.
We provide a professional tax sale service to help investors, attorneys, and title companies complete sales of tax-distressed homes following the letter of the law. Part of this involves following Missouri collector deed compliance standards. Discover how we can help finalize the sale and protect your investment with our extensive tax sale knowledge.
Understanding the Basics of Missouri Collector Deed Compliance Requirements and How It Relates to Tax Sales
States will usually hold property auctions to quickly hand off tax-defaulted homes to a willing buyer. Eager new homeowners or investors can purchase the property at a much lower price than the market value as a way for the government to recoup the lost taxes. The process can’t get underway, however, until without a collector’s deed for the property.
The collector’s deed becomes available after a redemption period expires and the new buyer, who holds a Certificate of Purchase, completes the necessary steps. Our collector’s deed compliance experts can walk you through every step of the process so you can buy your property quickly, avoiding any tax sale mistakes.
What Is a Collector’s Deed?
A collector’s deed is the legal document that signifies to the public that you have done the work to transform your certificate of purchase into ownership.. There are numerous pitfalls that could result in you receiving less than perfect ownership, and we help you avoid those pitfalls.
As a buyer purchasing the home via a tax sale auction, you do not automatically become the owner. There is a one-year redemption period that allows the previous owner to redeem the property by paying off their missed taxes and becoming the legal owner. In this case, you will receive their lien purchasing capital via guaranteed insurance as well as extra funds through a set interest rate.
State-Issued Property Liens and Notification Requirements
Throughout the one-year redemption period, the state will place a tax lien on the property that the original owner can redeem at any point. Once the redemption period expires, you (the holder of the Certificate of Purchase) can officially apply for the property’s collector deed.
We can help you complete the following steps to obtain the collector’s deed:
- Show proof that you are the original tax sale purchaser or assignee on the Certificate of Purchase
- Complete a title search on the property and show verification to the government body
- Provide an affidavit to the collector within 90 days verifying that you received information about the property’s past owners on public record
- Surrender the Certificate of Purchase to the collector
- Pay any necessary fees and all accrued taxes to the collector
How We Assist With Missouri Collector Deed Compliance
At PureTitle, we are here for all of your tax sale and tax deed needs. Our specialists will help you mitigate the risks that come with purchasing a tax-forfeited property. We partner with trusted title companies to facilitate the process of searching for a title.
Are you purchasing a tax-distressed home as an investment? We’ll protect your assets and provide guaranteed insurance to avoid significant financial setbacks. Count on our qualified professionals to answer any questions you have while you navigate a tax sale.
Contact PureTitle and Simplify Your Tax Sale Today
Our experts at PureTitle understand the ins and outs of Missouri collector deed compliance standards. We take care of these requirements as part of our extensive tax sale service to make purchasing properties hassle-free. If you’re an attorney or investor, or you need help clearing a title on a tax-distressed property in Missouri, we’re the team you can trust to facilitate the sale.
Contact us by calling (504) 300-0520 or email info@puretitle.com to connect with a tax sale specialist. We’re ready to put our expertise to work for you!
