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Updated about 6 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Heather Hanoski
  • Maple Grove, MN
2
Votes |
11
Posts

Quitclaim Deed for wholesaling?

Heather Hanoski
  • Maple Grove, MN
Posted

I'm new to wholesaling and am near my first deal. The title company I called is asking if I will have a quitclaim deed, but after researching this, I don't see that I would in a wholesaling circumstance, being I am taking an interest in the property, but not taking ownership of it. Whether this happens between the seller and cash buyer, that I don't know. Regardless, I would not be involved in any quitclaim deed transactions. I'm just trying to field some questions that I wasn't prepared for in speaking with a title company. I called them to make sure it was as easy as sending them the purchase agreement and assignment contract once both are signed. This question threw me off. 

Am I understanding this properly?

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