Lets make this simple - Posted by Jim IL
Posted by Jim IL on February 14, 2000 at 24:08:52:
This was being discussed just the other day with a group of investors, and I just kinda watched.
But, after listening, and combining the conversation with my own ideas and thoughts, here is the conclusion I came to;
A quit Claim deed only relinquishes any rights the seller has in the property, if any. No promises or gauruntees as to the condition of title.
A Warranty Deed does give certain promises as to condition of title.
So, I drew this conclusion.
When Buying, use a “Warranty Deed”
When Selling, use a Quit claim.
hope that helps,