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Updated over 9 years ago on . Most recent reply

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7
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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!

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