UNLIKE THE NUMEROUS PORT CHARLOTTE HARBOR WATERFRONT AREA TAX DEED LOTS BEING DECEPTIVELY & INCREASINGLY PROMOTED ON EBAY WITH NO TITLE INSURANCE PROVIDED & PAID FOR BY THE SELLER, OUR LOTS, AS THEY HAVE BEEN FOR OVER 10 YEARS, ARE NEXT TO GULF ACCESS & ACTUALLY IN ACTIVE PRIME NEIGHBORHOODS FOR THE VERY BEST
“RETURN ON YOUR INVESTMENT”
BANKS WILL NOT LOAN TO BUILD ON THESE TAX DEED ACQUIRED PARCELS & ALSO 99% OF THE TAX DEED LOTS ON EBAY ARE OUTSIDE OF THE CITY EITHER ON DIRT OR DILAPIDATED OLDER PAVED ROADS, SURROUNDED BY NO HOMES OR WORSE 1950’S STYLE DISTRESSED & EMPTY FORECLOSED HOMES WHICH IS WHY THE PRIOR OWNERS LET THEM GO BACK TO THE COUNTY TO BEGIN WITH,SUCH AS:
TGA (TROPICAL GULF ACRES), HARBOR HEIGHTS, DISTRESSED LEHIGH ACRES, THE VACANT ROTUNDA, PLACIDA RD. AREA OFF GASPARILLA RD. & THE FORMER FAILED TERN BAY GOLF RESORT WHICH ARE ALL TAX DEED ACQUIRED PARCELS WHICH CANNOT LEGALLY BE ISSUED TRUE TITLE INSURANCE WITHOUT LEGAL ASSISTANCE REGARDLESS OF WHAT THE SELLER'S TITLE COMPANY SAYS AS THEY ARE JUST PUTTING EXCEPTIONS IN TO THE POLICY YOU ARE GETTING AFTER THE SALE TO BASICALLY MAKE YOUR POLICY NULL AND VOID WITH REGARDS TO FUTURE OWNERSHIP ISSUES.
THE OLD SAYING THAT “YOU GET WHAT YOU PAY FOR” HAS NEVER BEEN MORE TRUE
ALSO, THE FACT THESE RECENT EBAY SELLERS ARE NOT WILLING TO PROVIDE PAID "LEGITIMATE" TITLE INSURANCE NOR ALLOW YOU TO PERSONALLY UTILIZE AN INDEPENDENT 3RD PARTY TITLE COMPANY TO ISSUE NON-TAX DEED EXCEPTED TITLE INSURANCE BEFORE PAYMENT IS MADE TELLS YOU, BUYER BEWARE.
This is from the Charlotte County Clerks office on Tax Deeds:
Do I get a clear title with a Tax Deed?
All properties sold at a Tax Deed Sale qualify under
“buyer beware”. The purchase of a Tax Deed Sale
does not warrant or guarantee clear and marketable
title. Note: Most title companies require the
property to go through a quiet title lawsuit for the
property to be able to have title insurance issued on
property bought by Tax Deed Sale.
What liens or encumbrances survive against a
property after it is sold at a Tax Deed Sale?
Governmental liens and judgments survive the
issuance of a tax deed and are satisfied to the
fullest extent possible with any overbid monies
from the sale. Governmental liens, not satisfied
in full, survive the issuance of a tax deed and
will remain against the property.
"Beware of those on Ebay selling lots that were purchased by the sellers inexpensively via public Tax Deed sales as they require thousands of dollars in legal fees to clear with a Suit to Quiet Title process and up to a year to clear the title if at all :) "
"You will know, as they will only offer you a Special Warranty Deed or a Quit Claim for this reason and no title insurance to protect your investment."
ALSO JUST VERY RECENTLY, Often these SAME TAX DEED sellers will FALSELY offer Title Insurance but will have Exceptions to Coverage in your Title Insurance Policy! There are standard exceptions in every policy, BUT exceptions entered for tax deed sales are UNIQUE AND PARTICULAR, NOT STANDARD. Carefully review exceptions in Schedule B2 of the title policy to ensure you know which items are exempted and therefore NOT COVERED by the Title Policy.
ASK BOTH THE SELLER & THE CLOSING TITLE COMPANY prior to bidding or buying IF IT WAS PREVIOUSLY ACQUIRED VIA A TAX DEED AUCTION AS WELL & WHAT EXCEPTIONS THERE ARE THAT LIMITS THE TITLE POLICY VALUE :)
WITH THESE TITLE INSURANCE POLICY EXCEPTIONS, THE TITLE INSURANCE IS MEANINGLESS & BANKS WILL NOT LOAN TO BUILD ON A
TAX DEED ACQUIRED PROPERTY !
DO NOT agree to BUY or PAY for ANY REAL ESTATE without THE SELLER FIRST PROVIDING LEGITIMATE Title Insurance, BEFORE FINAL Settlement Payment at CLOSING! Ensure that your closing agent or attorney explain any "TAX DEED exceptions" noted in Schedule B2.
Before paying or closing such a parcel, do YOURSELF A FAVOR - CALL your TITLE COMPANY, local LAWYER or REAL ESTATE ATTORNEY and ask for PROFESSIONAL ADVICE before Acquiring any FLORIDA LOT when the SELLER DOES NOT Offer TITLE INSURANCE or OFFERS TITLE INSURANCE WITH NON-STANDARD EXCEPTIONS NOTED IN SCHEDULE B2 - PRIOR TO CLOSING on the Land!
Be informed to help you make the right decision for your situation.
ALSO, INSURE THAT THE LOT IS NOT LOCATED WITHIN AN ENVIRONMENTALLY PROTECTED SCRUB JAY “BIRD” AREA WHICH REQUIRES SPECIAL STATE PERMITTING TO BUILD WHICH IS A VERY TIME CONSUMING & COSTLY PROCESS AND STILL NO GUARANTEE. RECENTLY MOST PERMITS ACCORDING TO CHARLOTTE COUNTY RECORDS ARE BEING DENIED VS. APPROVED.
As these Ebay real estate type listings cost hundreds of dollars to advertise, please DO NOT BID if you are not bidding to buy. Bidders are responsible for ( DUE DILIGENCE ) to look at any parcel & ask all questions PRIOR to bidding even though based on our superb feedback rating, we have never had a single dissatisfied investor. You are not bidding for the right to look, winning bid buys this lot. Also, all parcels are for sale locally, so we reserve the right to end auction early. New Ebayers or bidders with feedback of 5 or less, please call our offices before bidding at