Posted by William Bronchick on January 23, 2002 at 09:34:52:
Actually, title companies will INSIST on you, the seller, giving a deed with some kind of warranty (in NJ, a B&S Deed with Covenants). When the title insurance company pays a claim, it then is subrograted to the rights of the insured, the buyer. Since the buyer could sue you for breach of warranty, the title company can also due so.
Quit-claim vs. Bargain and sale deed… - Posted by Ben (NJ)
Posted by Ben (NJ) on January 23, 2002 at 08:04:33:
I posted this on the main board yesterday but it’s not setting the world on fire, LOL. If I convey my interest in property via a quit-claim deed and prior to closing the buyer gets his own title insurance, is he any less protected than if I conveyed a bargain and sale deed? The only difference I see is if any title problems were to arise his sole recourse is with his title company rather than with me, correct?