Posted on: 17th Mar, 2007 05:41 am
hello
i want to sell a house i inherited, the house has back taxes,water and sewage bills liened against it. i have a buyer who will purchase the house with liens against it. i thoght a quit claim deed would be the way to transfer title?
i want to sell a house i inherited, the house has back taxes,water and sewage bills liened against it. i have a buyer who will purchase the house with liens against it. i thoght a quit claim deed would be the way to transfer title?
It is good that you have found a buyer who is prepared to purchase the house despite of the liens against the title.
You can use a quit claim deed for selling the house to him. Make sure to take help of an attorney to properly draft the deed and after that get it notarized & recorded at your county recorder's office.
David
You can use a quit claim deed for selling the house to him. Make sure to take help of an attorney to properly draft the deed and after that get it notarized & recorded at your county recorder's office.
David
I do not know if you are aware of this or not. If there is a mortgage, quit claiming the house in the name of the buyer will not transfer it, you will have to pay it off or get it refinanced in the name of the buyer.
Yes quit claim deed is one of the easiest ways of transferring property interest to someone else. I would have recommended use of a warranty deed if there were no liens against title of the house. But since there are back taxes and other bills that are due, a warranty deed cannot be used and you will have to use a quit claim deed instead.
You can go through this page to know more about how to use a quit claim deed for transferring property to the buyer - http://www.mortgagefit.com/quitclaim-deed.html
Miller
You can go through this page to know more about how to use a quit claim deed for transferring property to the buyer - http://www.mortgagefit.com/quitclaim-deed.html
Miller