Friday, July 15, 2011

Real estatee question on a property with a bad title?

I received a house in a different state through a property settlement in my divorce. I did not know anything about the property and my accountant advised me to donate it to charity. In my attempt to donate it the charity ran a title search and much to my surprise the title was as they said "tainted" and unmarketable. They said their were back taxes and a foreclosure going back three owners previous to me! i was shocked. I cannot sell it or even give it away. Does anyone have any idea how I can get rid of this dud without having to pay for lawyers etc.

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