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Can I get money for a quit claim deed?

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Icon Mini Profile cuquimendez





Joined: 12 Apr 2011

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1.27 Dollars($)
Post Posted: Tue Apr 12, 2011 2:16 pm    Post subject: Can I get money for a quit claim deed?
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I'm selling a house and an investor offered me to quitclaim the title to him and that he will give me the money. Can I still do that without getting into trouble?
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



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Location: ALASKA
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Post Posted: Tue Apr 12, 2011 8:57 pm    Post subject:
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Welcome cuquimendez,

You shouldn't transfer the property to him unless you receive the money. Once you transfer the property, he may not pay the money back to you.

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Icon Mini Profile Noenoeclue_is_me





Joined: 15 Apr 2011

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Post Posted: Sun Apr 17, 2011 2:27 pm    Post subject:
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Yes, they sell all the time, just make sure you get your money and do you due of diligence on the buyer. He may be a scammer or he may be legit, just find out. I also would prefer a Warranty deed over a quit claim, is there any reason he wants a quit claim deed? I may not understand the situation 100% so I was just curious. Thanks
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