Quitclaim deed in Jacksonville

[Nick Pisano]

Hi everybody-

I’m looking at purchasing my first investment property in Jacksonville in the near future, and have come across a few places that would convey with a quitclaim deed. My agent tells me this is fairly common in Jacksonville, and that the title company would sort everything out in the closing process. However, I’m a little cautious about the prospect, since in my local market (DC) this is relatively uncommon and usually backed up by some significant reason. Anyone have any guidance here on dealing with quitclaim deeds? Thanks!

[Mark Fries]

@Nick Pisano

You should be very careful because that means most likely they purchased the property at a tax deed auction, thus only have a tax deed.

You will not be provided title insurance at closing.

It might be common, but that doesn't mean it is OK. You will be the one paying 2500 to do a quiet title process... When it should really be the seller