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Updated over 6 years ago,
(Wholesale) Quit Claim Deed - FLORIDA
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!🤘