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Updated over 9 years ago on . Most recent reply
transferre via quit claim deed. is it safe?
I'm in talks with a motivated seller who would like to exchange contracts with me via a quit claim deed. Is it a safe bet and will i be in control of the property??
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Steve Vaughan
#1 Personal Finance Contributor
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
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Steve Vaughan#1 Personal Finance Contributor
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
Anyone can quit claim anything, whether they own it or have any right to it or not. A thorough title search will verify if they even have a right to anything. I have quitclaimed my position in an option to someone in exchange for a fee before. Make sure this person has an interest worth paying for @Makango Malondji If it's just some shady wholesale deal with a weak contract from a potentially forged seller, verify it!