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Updated about 5 years ago on . Most recent reply

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Gordon Kitchen
  • Investor
  • Euclid, OH
0
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2
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Seller financing deed warranty or quit claim?

Gordon Kitchen
  • Investor
  • Euclid, OH
Posted

I’m about to purchase a house using seller financing from my business partner and was wondering how should I transfer the deed? Warranty or Quit claim?

  • Gordon Kitchen
  • Most Popular Reply

    User Stats

    208
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    Andrew Kiel
    • Investor
    • Tucson, AZ
    235
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    208
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    Andrew Kiel
    • Investor
    • Tucson, AZ
    Replied

    Always use a warranty deed.  A quit claim deed offers no warranties, it only releases the (potential) interest of a party. A quit claim deed will also invalidate the title insurance that was last purchased for the property. 

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