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Updated almost 6 years ago,
Quit Claim vs Special Warranty Deed?
One of our CFDs is now an REO and we have a buyer that we're going to seller finance the property to.
It was a CFD (we have clean title), it's been vacant for a few months and we're selling without a judicial foreclosure / ejectment. We're thinking that we'll write a mortgage (not a CFD) and convey title by Quit Claim deed rather than a Special Warranty Deed (just in case). Our business model is to resell the new performing note in 6 - 12 months.
As note investors, would the QCD vs SWD affect what you'd be willing to pay for a performing note (assume that it has at least 6 months seasoning).
Thanks.