Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

11
Posts
0
Votes
Jose Ortiz
  • Investor
  • Capitol Heights, MD
0
Votes |
11
Posts

Want to Buy a Quitclaim Deed and Don't know settlement or closing

Jose Ortiz
  • Investor
  • Capitol Heights, MD
Posted

First off, thank you all for taking the time to help a newbie out. I have done couple of deals and all have been with a real estate attorney. This one is a little different. I would be purchasing a Quit Claim Deed (QCD) and all the attorneys seem to be more interested in getting my deal or telling me it's a scam then trying to tell me how to go about purchasing it.  BTW I have already done a title search and have found some liens that I am willing to pay off, plus pay them something for the QCD

Here's what I understand so that I don't get the same response as the attorneys: 

* I understand that I am buying whatever rights (if any) the person who is selling it to me may or may not have. 

* I understand that if there are any outstanding liens, I am responsible

* I understand that the QCD is the least protected of them all

Here are my questions:

* How do I go from buying a Quit Claim Deed to getting any sort of Title on it with my name on it? Be it special Warranty or Guaranteed or as long as it's not a  QCD? 

* How do I do a settlement? (If there is a place that already tells me the steps, please give me the link) I will happily do the leg work in order to avoid fees. If you could explain the order, that would be great too! IE 1.. Do Title Search, Get Insurance 2.. Go to the county to record deed 3. Pay fees (since I don't know I'm just showing how I'd like to get the info, sorry to be so direct, but I'm really frustrated with the none-information I am getting from attorneys and settlement people). 

* Do I need a HUD-1 Form? Is it hard to fill out?

Thank you for your time and help in this matter, I truly appreciate it! 

Loading replies...