Posted by Rich-CA on June 26, 2007 at 09:44:30:
No they both do not convey title. The Q/C only conveys the grantor’s interest and does not even guarantee that they have an interest. It is not accepted as passing Title in TX.
Quitclaim - Posted by Laurence
Posted by Laurence on June 01, 2007 at 19:39:59:
I have a townhouse that I need to get rid of. It’s appraised at about what I owe on it. If I quitclaim it to a potential buyer, will this save me in cost? I just want to get rid of it. Any advice?? Suggestions??
Laurence…
Re: Quitclaim - Posted by Rich-CA
Posted by Rich-CA on June 06, 2007 at 17:17:16:
What state are you in? All quitclaim says is that you turn over your interest. It does not say that yours is the only interest. The Warranty Deed does represent a complete transfer of ownership. The buyer, if they are smart, will want Title Insurance on anything with a quitclaim in the chain of Title.
Re: Quitclaim - Posted by Matt
Posted by Matt on June 25, 2007 at 20:41:44:
both convey title. if you’re a seller, use the quit claim method or a limited warranty. Otherwise if there is a goof in the chain of title, youâ??re no longer on the hook like you are with a warranty deed.