Ep. 45 | Tax Titles Explained: Opportunity or Risk? скачать в хорошем качестве

Ep. 45 | Tax Titles Explained: Opportunity or Risk?

Tax Titles & Tax-Acquired Property in Maine: What Real Estate Agents Need to Know Tax-acquired property is showing up more and more in Maine—and while these listings can look like opportunity, they also come with serious title, timing, and risk considerations. In this episode of Behind the Title, Bobbie Grenier sits down with Zachary Greenfield, Underwriter and State Counsel with Stewart Title Guaranty Company, to break down what every real estate agent needs to understand before taking on a tax-acquired listing or working with a buyer considering one. Zach explains—clearly and practically—how municipal tax liens work in Maine, why they are considered “super liens,” and how the automatic foreclosure process can result in a town taking title to property without court involvement. We also dive into why tax titles have historically been difficult (or impossible) to insure, what marketable vs. insurable title really means, and how recent legal changes are starting to shift the landscape. You’ll also learn how the U.S. Supreme Court decision in "Tyler v. Hennepin County" has influenced Maine law, why surplus proceeds matter, and what must happen for a tax-acquired property to become marketable sooner than the traditional five-year waiting period. Whether you’re an agent being approached by a municipality, advising an investor buyer, or just trying to protect yourself and your clients, this episode will help you understand: How tax liens and automatic foreclosure work in Maine Why buyer intent matters in tax-acquired property transactions Where deals commonly fall apart—and how to spot red flags early Why early involvement with a title company and underwriter is critical This is a must-listen episode for Maine real estate professionals who want to be informed, prepared, and confident when tax titles enter the conversation. 🎧 Listen now and level up your understanding of one of the most misunderstood areas of Maine real estate. Resources: Beware of Title Derived Through Tax Sales: https://www.stewart.com/en/insights/b... https://www.mainelegislature.org/legi... 2024 Changes to Tax-Acquired Property Sale Procedures: https://www.memun.org/News/2024-chang...