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Definition of "Perfect Title"

August 03, 2013 11:51PM
Hi, there

Definition of 'Perfect Title'
A title deed for real estate that does not have any liens attached to it. A perfect title becomes so after all liens or other defects have been removed.

The property we won in auction has IRS lien attached to it. Also, the previous owner back owe $10,000 property tax.

(1) I understand that the senior Deed of Trust we won would wipe the IRS tax lien off the property. Would it be correct to claim that this property is currently IRS tax lien FREE even though we are still physically in the IRS 120 redemption period?

(2) As far as the $10,000 back owed property tax, it is still not a lien yet until the state controller record a property tax lien on it some time later, correct?

Originally, I thought that the only requirement to perfect a title to a property from auction is simply to record the TDUS within 15 days of sale. Not sure whether the IRS lien and back owed property tax would affect the perfection of my title.


Please help.

Thanks a lot
Subject Author Views Posted

Definition of "Perfect Title"

RealAuc 4179 August 03, 2013 11:51PM

Marketable title

Scott 2518 August 04, 2013 11:38AM

Re: Definition of "Perfect Title"

Trebor 2736 August 04, 2013 11:47AM

Re: Definition of "Perfect Title"

Bill H 2482 August 04, 2013 03:35PM



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