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Warranty Deed transfer or Quit claim Deed?

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rouzier_s Joined: 15 Apr 2011 Posts: 1 1.34 Dollars($)	Posted: Fri Apr 15, 2011 7:24 am    Post subject: Warranty Deed transfer or Quit claim Deed? Like 0 Dislike 0 My tenant, no family relationship what so ever, is willing to take over my mortgage deed. My mortgage is current with payments, never had a lien, and my husband has no quarrels about transferring the deed. I hear a warranty deed is the better choice for both the grantor and the grantee. I would not like this transaction to come back and haunt us. Which is better? Warranty Deed or Quit Claim Deed?
dipaligopale Joined: 25 May 2010 Posts: 790 22.70 Dollars($)	Posted: Fri Apr 15, 2011 6:30 pm    Post subject: Like 0 Dislike 0 Hi rouzier, Welcome to Mortgagefit, I think you should go for general warranty deed.You can go through this link for further details. http://www.mortgagefit.com/search/quitclaim-deed.html#warranty Feel free to ask any further query if you have.... DIPA _________________ 1.The best of intentions must still have directions !--Unknown author 2.When I hear somebody sigh, "Life is hard," I am always tempted to ask, "Compared to what?" - Sydney J. Harris
srouzier Guest	Posted: Mon Apr 18, 2011 6:19 am    Post subject: warranty deed Like 0 Dislike 0 Thank u for the info.
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Wed Apr 20, 2011 10:50 pm    Post subject: Like 0 Dislike 0 Hi srouzier! Welcome to forums! As there is a mortgage on the property, you will have to use a quitclaim deed or a grant deed to transfer the property to the tenant. Also, you should make sure that the tenant refinances the mortgage in his name so that you're released of the mortgage liabilities. Feel free to ask if you've further queries. Sussane

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