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Updated over 10 years ago on . Most recent reply

User Stats

47
Posts
11
Votes
Allison Ezzi
  • Investor
  • Richmond, VA
11
Votes |
47
Posts

QUITCLAIM DEED...potential? OR disaster?

Allison Ezzi
  • Investor
  • Richmond, VA
Posted

Hi BP!

I'm hoping for some guidance on QuitClaim Deeds-

I drove by this house the other day that is clearly vacant and in need of serious TLC. The grass covers the entire house... I had to climb through the jungle just to confirm the address. I pulled the property info up on the local county site. I can see the owners info (2 names), they live elsewhere and I'm planning to mail them a letter (I also found a potential phone # running a reserve lookup).

The county site says that the legal reference is QUITCLAIM DEED dated in 9/2009.

Not to sound stupid (or maybe:)) What does this mean?  my initial thoughts are either, gifted? divorce? or tax deed sale?  I read another forum on QCD and they recommended to run away.... ( maybe a completely different scenario though) !?!

Any way to find out more info? 

Also.. any advice on an effective letter? I want it to be personal but strategic.

Please shed some light! THANKS

Most Popular Reply

User Stats

5,028
Posts
2,573
Votes
Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
2,573
Votes |
5,028
Posts
Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
Replied

Send out the letters or call the number and go from there.  

People will quit claim a home into an entity for many different reasons.  No reason to worry. 

  • Curt Davis

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