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Updated over 9 years ago on . Most recent reply

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37
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Michael Prakash
  • Real Estate Investor
  • Castro Valley, CA
5
Votes |
37
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What is a quit claim deed and leins on the property?

Michael Prakash
  • Real Estate Investor
  • Castro Valley, CA
Posted

What is a quit claim deed and how do we find out all the liens on a property? How do we find the amounts and how to remove them?Any other info' on this topic would be appreciated.

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156
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36
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Lou Castillo
  • Real Estate Investor
  • Charleston, SC
36
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156
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Lou Castillo
  • Real Estate Investor
  • Charleston, SC
Replied

A QCD transfer whatever rights one has to the property to the other party. So if the Grantor owns the property 100%, then they are passing total ownership to the Grantee. On the other hand, if the Grantor has no rights to the property, then a QCD transfers no rights. THe difference between a QCD and a Warranty Deed is that with a Warranty Deed, the Grantor is warranting that they do have free and clear title other than any exceptions noted in the deed.

You can go down to the court house where all the land records are held for your area and search the property for liens - generally the staff there can help you with that. I recommend that you allow your closing agent to handle the title search so that it is properly done. Besides, your time is far more valuable.

Account Closed
  • Professional
  • Jacksonville, FL
34
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397
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Account Closed
  • Professional
  • Jacksonville, FL
Replied
Originally posted by @Michael Prakash:

What is a quit claim deed and how do we find out all the liens on a property? How do we find the amounts and how to remove them?Any other info' on this topic would be appreciated.

If you are the buyer, it is a dangerous way to have property conveyed. As the grantee, you have no warranty regarding there being no clouds on the title.

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23,418
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13,509
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

You "remove liens", by paying them.

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37
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5
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Michael Prakash
  • Real Estate Investor
  • Castro Valley, CA
5
Votes |
37
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Michael Prakash
  • Real Estate Investor
  • Castro Valley, CA
Replied

Many thanks to Lou, Greg and Wayne for their valuable advice

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Al Wilson
  • Investor
  • Daphne, AL
242
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1,121
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Al Wilson
  • Investor
  • Daphne, AL
Replied
Do you have any idea what you are asking about?