After you submit a completed Quiet Title Program Application (View Sample Application Here), our staff will make best efforts to review it over a 30 day period. It will then go before our board for approval at the next scheduled monthly board meeting. Your application will include a maintenance/development plan for which you will be responsible for adhering to following the conveyance of the property.
Following the board meeting, BLBA staff will contact you so that you can sign a purchase agreement and remit earnest money (This may include up to the anticipated project cost). BLBA staff will then request the tax deed and will send you a letter allowing 30 days for you to inspect the property. This period will allow you to further edit your maintenance and development plan that will be attached to your purchase agreement.
If you decide that you do not want to go forward, you will receive a refund of your earnest money. If you want to proceed, the BLBA will file a quiet title action on the property.
Upon issuance of a final order in the action and after the 42 day appeal period, the BLBA will schedule a closing with you. At closing, you will be responsible for the balance of the sales price. The BLBA will convey a statutory warranty deed with insurable title to you.
You will then be responsible for recording the deed, procuring title insurance and paying the taxes on the property. You will also be required to adhere to your maintenance development plan outlined in your application. Commencement of work should start no later than three months after you take ownership and be complete within two years.*
*The BLBA will work with each applicant if reasonable circumstances arise that may require variances in the guidelines.