The Innovative Investor Podcast: Property Debt Wealth in the Modern Era
Building Title Confidence in Tax Sales with David Schumacher of Chicago Title NCS California — Part 2
In the second part of their conversation on The Innovative Investor Podcast, Stephen speaks with David Schumacher, senior title underwriter for Chicago Title NCS and veteran mediator-arbitrator, about the hidden complexities and critical strategies behind tax lien and tax deed investing. David walks us through how his early days as a claims officer and title underwriter led him to earn Harvard mediator and FINRA arbitrator credentials, skills he now leverages to guide investors through negotiation, litigation avoidance and, ultimately, successful exits. Together, Stephen and David explore why a robust exit plan is almost as important as winning an auction and how mastering the art of mediation can turn a potential courtroom battle into a collaborative settlement. As the conversation turns to market cycles, David shares his outlook on today’s slow-burn commercial distress versus the rapid crash of 2008, explaining how maturing CMBS loans, rising cap rates and looming covenant breaches will create a wave of receiverships and bankruptcy 363 sales that ripple back into the residential tax sale arena. He breaks down what these trends mean for portfolio liquidity, title insurability and the best ways investors can stay ahead, whether that’s building a team of specialized attorneys, partnering with experienced underwriters like Chicago Title NCS, or leveraging new due-process platforms such as Juris Deed to automate notice compliance. By the end of the episode, you’ll understand why case law remains the ultimate “deed line” for anyone bidding on tax liens, and how combining deep title expertise with proactive negotiation tactics can transform risk into opportunity. Stephen and David close with concrete advice on assembling a winning support network, preparing for a year-of-reckoning in 2027 and keeping your investments liquid when the market shifts. If you’re serious about turning delinquent-tax debt into long-term wealth, this episode will arm you with the insights and resources you need. Timestamps Exit Strategy Necessity in Tax Auctions – 00:00:03 Pursuing Mediator & Arbitrator Certifications in Title Insurance – 00:02:07 Leveraging Mediation/Arbitration Skills for Investor Negotiations – 00:06:55 Anticipating the Commercial Default Cycle’s Impact on Tax Sales (2027 Reckoning) – 00:13:43 Innovating Tax-Sale Due-Process & Title Solutions (Juris Deed Concept) – 00:29:14 Get in Touch with Stephen and David Schumacher Website: https://jurisdeed.com/ Waitlist: https://jurisdeed.com/waitlist JurisDeed Facebook: https://www.facebook.com/people/JurisDeed/61591556170042/ JurisDeed Facebook Group: https://www.facebook.com/share/g/19Yeuy4w22/ Stephen's LinkedIn: https://www.linkedin.com/in/stephenmorel-jd/ David’s LinkedIn: https://www.linkedin.com/in/david-schumacher-b654481b Chicago Title NCS California: https://californiancs.ctic.com/ And if you love the show, subscribe to follow it! If you're investing in Louisiana tax sales under the 2026 rules, you need legal and asset management partners who specialize in this niche: Quiet Title Litigation – TDLG (Tax Deed Legal Group) After your redemption period expires, TDLG forecloses your lien so you can recover your investment with confidence. Louisiana-licensed attorneys with deep expertise in tax sale... Chapters (00:00:00) - property tax liens (00:01:05) - What Made You Want to Become a Mediator? (00:08:23) - Real Estate: The Importance of Negotiations (00:14:20) - Commercial Real Estate: Slow Burn (00:19:20) - Undoing the Commercial Default Pipeline (00:25:24) - What Does the Tax Liens Impact? (00:28:22) - Tax Title Services: What Do We Need to Do Different in 2022 (00:31:54) - Tax Lien and Title Insurance (00:33:41) - Case Law In Tax Deed & Underwriting (00:37:35) - Tax Liens: The Investment Opportunity
