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Updated about 9 years ago,

User Stats

5
Posts
1
Votes
Nick Bernhard
  • Part-time investor
  • South Bend, IN
1
Votes |
5
Posts

Buy with Quitclaim, Sell with Warranty?

Nick Bernhard
  • Part-time investor
  • South Bend, IN
Posted

I recently purchased a property for very cheap. I had a title search done (no title insurance) with only back taxes showing up. I ended up buying it via a Quitclaim Deed.

Fast forward... I am now looking at selling this house through a Realtor friend. When I go to close, the expectation is that there will be a Warranty Deed. There will also be an updated title search done with title insurance.

If I go through with the sale, what kind of liability (title-wise) will I have once the sale is complete?

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