Posted by JohnBoy on June 01, 2004 at 18:55:47:
Once someone quit claims their interest in a property to someone else, then that someone else owns their interest in the property. So if the couple were the sole owners of the property and they quit claim deeded the property to the investor, then the investor owns the property. And it would have nothing to do with whether he agreed to pay the back taxes or not. He will need to pay the taxes and any other liens on the property to protect his interest in the property.
If there is a mortgage on the property that would have to be paid as well in order to get clear title.
To answer your question, once the quit claim deed is signed, notarized and recorded, the investor owns it. At least the interest the couple owned in the property.