Weisman Law Firm

Services

• Money with Purchases

  Real Estate Tax Foreclosure Sale purchases are profitable. Buy unwanted property for little capital contribution and start making money. The laws are detailed so you will need the assistance of a knowledgeable attorney. Three sets of statutes are used for real estate taxes. St. Louis City and Jackson County are based upon judicial foreclosures and provide judicial confirmation. St. Louis County is based upon an administrative action (no judicial foreclosure).

• Notice requirements

  Proper and timely notice of redemption is essential to purchasing at a real estate tax sale; Notice must be by regular and certified mail, return receipt requested.

• Proper people or entities to Notice

  Failure to send out the notice to all interested parties will cause you to loose the property. The owner of the property, lienholders and other people showing on title must be told of their right to redeem the property.

• Type of tax sale

  The requirements for a 3rd tax sale are different from a tax sale that was a 1st or 2nd tax sale. Knowing the difference is critical.

• Collector's Deed

  In some counties such as St. Louis County or Jefferson County, you must show the Collector that you complied with the law by showing copies of letters sent by regular and registered mail, title commitment, and other items.

• Quiet Title Lawsuit

  Receiving a Collectors' Deed for some counties such as St. Louis County and Jefferson County does not complete the process. You must still file a lawsuit to obtain clear title otherwise you will never receive title insurance.

• Administrative Process to receive tax deed

  In St. Louis City or or Kansas City, to receive a Collector's Deed, you must go through an a court administrative process. It is best to hire an attorney for this process as an expert property witness is required to testify.

• Home selection

  Viewing the home (kicking the tires) is very important. Bring a list of items to check. Open drawers, turn on faucets, flush toilets, check the hot water heater, furnace and go in the crawl spaces. Look for water marks as the house may have had water damage.

• Home contract

  A residential sale contract has many provisions. Sale price Deposit amount Financing provision Home inspection Repairs Closing location Closing date and time Failure to close provisions These printed forms were written by lawyers so having a lawyer review the terms of the sale is very important.

• Title review

  You want clear title which requires that no unnecessary liens remain at time of closing. Items that could be a problem are: unreleased prior mortgages IRS liens unpaid real estate taxes judgments break in the chain of ownership Sewer liens