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Updated over 6 years ago on . Most recent reply

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Teri Lynn
  • Rental Property Investor
  • Houston, TX
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Quit Claim deed closing for tax deed

Teri Lynn
  • Rental Property Investor
  • Houston, TX
Posted
How does a quit claim deed closing work for tax deeds? Is it like a normal real estate closing at a title company or?? I have 2 tax deeds that I am trying to sell to another investor, they will be informed its a tax deed with redemption period.

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

A Quit Claim Deed conveys only any interest a party has in a property and provides no warranty as to the title. 

I often create my own QC deeds. You can use an attorney or title company for these.

I can Quit Claim you a deed to the Golden Gate Bridge. You would only receive any interest I may have in the bridge which would be none. It gives no warranty. 

Now if you can get QC deeds from the previous owner/s and a release from the mortgage company if there was a mortgage then you remove the cloud from the deed. Then you can get title insurance and sell at full retail with a General warranty deed.

  • John Underwood
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