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Updated over 6 years ago,

User Stats

14
Posts
9
Votes
Paul Fournier
  • Specialist
  • Sarasota/Bradenton, FL
9
Votes |
14
Posts

(Wholesale) Quit Claim Deed - FLORIDA

Paul Fournier
  • Specialist
  • Sarasota/Bradenton, FL
Posted
Hi biggerPockets! I’m A wholesaler in Florida. I recently came across a deal where the seller wanted to do a “quit claim deed”. I’ve herd that this is a red flag. I also don’t understand how it comes into play when closing on a property. Could someone give me some pros and cons for quit claim deeds in a wholesale situation? What should I look out for? why would the original owner give me this instead of a normal deed when hes clearly listed as the owner of the property on local .gov sites? What’s the closing process like with a quit claim deed? He’s either going through a divorce or has just completed one. Don’t know if that matters or not. Thanks in advance BP!🤘

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