Tax Sales

/Tax Sales

Title 101: What You Need to Know About 1031 Exchange Process

Whenever you sell business or investment property and have a gain, you generally have to pay tax on the gain at the time of sale. Internal Revenue Code (IRC) Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of [...]

By | July 2nd, 2018|Settlement Statement, Tax Sales|0 Comments

Underwriting Guidelines & Tax Sales: What You Need to Know

Generally, Old Republic will not insure a property if there has been a tax sale in the last 20 years absent certain factors being present. If there is an Owner’s Policy for the current owner, and that Owner’s Policy does not contain an exception for tax sale matters, ORT can insure with an indemnity letter [...]

By | January 29th, 2018|Tax Sales|0 Comments