Randy Hillman wrote a very interesting piece for the Osceola Board of Realtors monthly magazine explaining quit claim deeds. Here are a few excerpts from his article.
- Quit claim deeds are the worse way to receive a transfer of property
- A seller who executes a quit claim deed is not representing that he owns the property, he is only representing that if he owns it, he is transferring it to the buyer.
Transferring property is not something that most people can do for themselves. Florida statutes are very specific about requirements for a deed to be valid. You should ask an attorney to assist you or make sure that you are working with a title company and have title insurance, which offers protection when property is transferred.
Related Florida real estate views:
Buying a home subject to financing
Should you buy a home in "as is" condition?
What are the repair obligations to the home seller when using the FAR contract?
- Greg Staker - Watson Realty Corp. - 407-304-0255
