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Updated over 8 years ago,
Quit Claim Deed
Submitted an offer last night for an investment property in Milwaukee (a duplex), and the Seller countered with this:
Conveyance of Title: Upon payment of the purchase price, Seller shall convey the Property by Quit Claim Deed without warranty of title.
I know this is the weakest of deeds, but I don't know much else about this... Could someone else potentially have claim to the property? How can I protect myself? Why would they request this, and should I not be accepting this counter due to it?
Any advice would be great! Thanks, BP!