Posted by David Krulac on January 23, 2001 at 16:03:24:
yes this is a problem. they’re implying that something is wrong with the title. Unless the title is good and marketable and capable of being insured at regular rates, then I want either a huge discount or I walk.
Quitclaim - Posted by surfdog
Posted by surfdog on January 23, 2001 at 01:13:37:
I recently made an offer on a prop that was being sold by a bank who purchased out of foreclosure; trouble is, they want to give me a “quit claim” deed instead of special warranty. Has this happened to anyone else? Is this a new trend for banks selling REO? I’m finding it is difficult (though not impossible) to get title insurance.