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quit claim

Posted on: 06th Nov, 2006 02:06 pm
I purchased a property in october and the seller did a quit claim. I wanted to know if it is alright to have it and have to do anything else?
hi renold,

quit claim deed can be used to transfer property interests. at the time of sale the seller of the property can use such a deed for transferring property interest.

if it has not been notarized and recorded then you should take necessary steps to have the deed properly recorded to be valid.
Posted on: 06th Nov, 2006 02:21 pm
Hi,

In my opinion a warranty deed is a much better option as through this kind of deed the buyer gets clear title from the seller of property.

If it would be possible then I would say that you should contact the seller and have a warranty deed created for the sale of the property to prevent any future complication as to the title of the property.

Thanks
Posted on: 06th Nov, 2006 04:52 pm
Hi Renold,

I too feel that a warranty deed is better as it ensures that you are getting property-title free of any lien. Moreover, the deed warranties that the seller transferring the property has actually been the legal owner of that property prior to the sale.

Read more on Warranty deed for a clear idea on this topic.

Thanks,

Caron.
Posted on: 06th Nov, 2006 08:53 pm
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