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Updated over 2 years ago,

User Stats

8
Posts
5
Votes
Charles Mazzini
  • Katy, TX
5
Votes |
8
Posts

Quit Claim Deed, Yes or No?

Charles Mazzini
  • Katy, TX
Posted

I won an auction on a house and the contract consist of a Quit Claim Deed.  I did research at the county clerk office and the property seems to have no liens, but from what I understand, there is not only no warranty on the deed but no title company will insure a QCD.  In addition, from what I understand, once a QCD is issued on a property, the property can no longer have a Special Warranty Deed if I sell it.  This means that I may have difficulty selling in the future.

So my question is this. Does anyone recommend buying property on a QCD or should that be something to avoid at all cost?

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