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Updated about 9 years ago,
Quit Claim Deed Dilemma?
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!