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Message
Quit Claim Deed
Posted on 4/20/12 at 1:54 pm
Posted on 4/20/12 at 1:54 pm
I apologize forthis being long.
Looking for some advice on an 80 acre tract located adjacent to our hunting lease. As far as I can tell from courthouse records there is only one locatable and verifiable owner and they have less than 2%. They have been paying the taxes which is cheap. We wanted to buy an undivided interest and force a sale, but we can't find anyone else (anywhere in the country)that can prove any ownership. Would a quit claim deed work in this circumstance?
Looking for some advice on an 80 acre tract located adjacent to our hunting lease. As far as I can tell from courthouse records there is only one locatable and verifiable owner and they have less than 2%. They have been paying the taxes which is cheap. We wanted to buy an undivided interest and force a sale, but we can't find anyone else (anywhere in the country)that can prove any ownership. Would a quit claim deed work in this circumstance?
7
Posted on 4/20/12 at 2:01 pm to LSUPROUD
quote:don't apologize, it's not that long.
I apologize forthis being long.
the deed didn't show the rest of the property holders? it might be worth it to just go talk to the fella and see what you can get out of him. he probably won't be too apt to sell because he doesn't stand to profit too much and probably has free reign over the place.
Posted on 4/20/12 at 2:14 pm to LSUPROUD
quote:Who is they? The guy that owns an undivided 2 percent?.
They have been paying the taxes which is cheap.
If he pays the whole amount of property taxes, after so many years he can claim 100% of the property (La). This may be his plan and you may be frickn up his deal?
Posted on 4/20/12 at 2:16 pm to LSUPROUD
there's got to be another deed on record somewhere. Even if you have to go back 100+ years. The land had to come from somewhere. Use the 2% that you've found and run that back to see where it came from, so on and so forth, and that should eventually get you to 100% ownership. Then you move forward from that owner to find the rest. You're likely going to be dealing with some successions, wills, etc.
Posted on 4/20/12 at 2:23 pm to LSUPROUD
What Parish are you in?
email me at thedogmantd@gmail.com I might can help you out.
email me at thedogmantd@gmail.com I might can help you out.
Posted on 4/20/12 at 2:35 pm to LSUPROUD
get an abstract. somebody in the courthouse can run one for you. usually the assessor has a listing of conveyance book numbers by which the present owner obtained their interests.
A co-owner opaying taxes does not prescribe against his co-owners. he can collect what he spent in proportion to their ownership, but sounds like that isn't worth doing.
A co-owner opaying taxes does not prescribe against his co-owners. he can collect what he spent in proportion to their ownership, but sounds like that isn't worth doing.
Posted on 4/20/12 at 2:57 pm to Mung
quote:
get an abstract. somebody in the courthouse can run one for you. usually the assessor has a listing of conveyance book numbers by which the present owner obtained their interests. A co-owner opaying taxes does not prescribe against his co-owners. he can collect what he spent in proportion to their ownership, but sounds like that isn't worth doing.
Dang it Mung. Don't give away the info for free. Some of us still harbor the illusion we can make some money lawing.
Posted on 4/20/12 at 2:57 pm to Count Chocula
quote:
If he pays the whole amount of property taxes, after so many years he can claim 100% of the property (La).
so, so wrong
Posted on 4/20/12 at 3:09 pm to Mung
The guy thats currently paying the taxes on the whole tract inherited his interest from his father who is now deceased. His dad purchased the undivided interest from an heir back in the '60s. As far as we can tell there were two original heirs (in California) who were born in the late 20th century. One died unmarried with dependents and the other we have no idea of. The abstract shows the percentage of ownership for the two direct heirs and the guy paying the taxes, but the courthouse has no idea who the current owners are apart from the taxpayer.
Posted on 4/20/12 at 3:14 pm to LSUPROUD
I'm sorry. Not late 20th century but late 19th century.
Posted on 4/20/12 at 3:17 pm to LSUPROUD
quote:
but the courthouse has no idea who the current owners are apart from the taxpayer.
Oh, they could find out, but it's not their job.
Hire an attorney. It will take some digging but you can find more info as to the last owners of record. Even if you buy the undivided interest from the one heir you can find, you may still have to have an attorney(s) appointed to represent the heirs that cannot be located. It's not going to be cheap.
Posted on 4/20/12 at 3:19 pm to LSUPROUD
Sounds like an exam hypo that I want no part of. I refer all these to Mung.
Posted on 4/20/12 at 3:22 pm to LSUPROUD
quote:
two original heirs (in California)
Not to be racist, but I would bet you almost anything that the last full owners (100%) was black. I see the same situation alot and in almost every case they are black.
Usually, there was a patriarch that told them never to sell the land. This person usually was either a former slave or immediate descendant of a slave and knew that owning the land had some power. That legacy has held through the present day but often times makes the title work such a mess and the heirs get nothing out of it. It's amazing how many of those heirs are in California.
Posted on 4/20/12 at 3:27 pm to TigerDeacon
Not to be racist, but I would bet you almost anything that the last full owners (100%) was black. I see the same situation alot and in almost every case they are black.
Bingo!!
Bingo!!
Posted on 4/20/12 at 3:28 pm to LSUPROUD
Don't get me wrong, I've done successions for white people that died well before I was born, but from the situation you described, I would have bet my life they were black.
Posted on 4/20/12 at 3:30 pm to TigerDeacon
quote:
Dang it Mung
whoops! My bad.
To the OP, get a lawyer! Preferably one in the parish where the land is located.
eta: also note, the conjecture about the race of the owners is a 99% certainty. I see that all the time here in Rapides parish, and surrounding parishes. No succession has been done in 3-4 generations, and the heirs are scattered to the wind, if you can even figure out who they are. California and Chicago are common locations where they will land.
This post was edited on 4/20/12 at 3:44 pm
Posted on 4/20/12 at 3:43 pm to LSUPROUD
quote:
We wanted to buy an undivided interest and force a sale, but we can't find anyone else (anywhere in the country)that can prove any ownership.
Dude, in my neck of the woods that some outside dirtbag trys to come in a steal land, we string them up by the nutsack with bobwire.
Posted on 4/20/12 at 3:45 pm to Mung
quote:]
No succession has been done in 3-4 generations, and the heirs are scattered to the wind, if you can even figure out who they are.
So, based on this, do you guys think a quit claim deed could help ultimately uncloud this mess?
Posted on 4/20/12 at 4:09 pm to LSUPROUD
assuming the person who you get the quitclaim from actually owns anything, it will transfer his interest to you. You can then go squat on it with the other 50 co-owners. wear orange.
Posted on 4/20/12 at 4:22 pm to Mung
If he buys that interest, and then stops paying the taxes, could he get a clean title by buying it at sale, or will there be too much competition?
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