Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago,

User Stats

7
Posts
0
Votes
Ind Kon
  • Allen, TX
0
Votes |
7
Posts

Quit Claim Deed Dilemma?

Ind Kon
  • Allen, TX
Posted

Hello

I came across a seller that would like to sell her property to me via quit claim deed. The deal seems good, almost too good. So I asked her if there any liens, she says there is one for about 5k and nothing else. So I am having title obviously run the title and see if there are any other things that show up. However, because I am not getting a deed from her when I turn around and sell this I am going to be the one assuming any liabilities of anything that title may not have found. Example, like Aunt Susie showing up years later saying ahe actually owns a piece, etc etc or anything else.

Have anybody else acquired properties via quit claim deed? 

How did you protect yourself? Can you get any insurance? i heard this is not possible in these cases .

Please I am open to any ideas or suggestions.

Thank you in advanced!

Loading replies...