Posted by Dave T on May 10, 1999 at 21:57:44:
I agree with the dialogue so far, but allow me to interject a thought.
If you receive a quit claim deed and subsequently there is a claim against the title, the seller has no liability in curing the title defect. With a warranty deed, the seller’s title insurance will come to the rescue to cure a title defect.
For this reason, you should only agree to accept the quit claim deed if your title company will issue you owner’s title insurance. If the title search finds no defects in the title and no other encumbrances, then you should feel confident about accepting a quit claim deed provided the title company will accept that when issuing title insurance.