The housing market in Northern Nevada is currently undergoing a growth period. For Sale signs are sprouting in the front yards of homes located in both new and well-established neighborhoods throughout the Truckee Meadows.
Tax lien sales of real property have proliferated in Nevada in the last few years as one of the by-products of the volatile real estate market. If you’re considering purchasing real property at a tax lien sale, keep the following information in mind.
The parties to a real estate transaction will typically research the current owner’s title to the real property in order to discover what liens or encumbrances exist on the property. In some instances, clouds appear on the title to real property which complicates the process of transferring ownership of the property from the seller to the buyer. As discussed below, those clouds can be cleared through the filing of a quiet title action.