Quick Question About Deeds.

Here is a situation I am confronted with:

I have a seller who has a property they own outright. I was looking to save some time and money and get him to deed it to me with a warranty deed. If I buy it with cash, then deed it to my buyer using a quitclaim deed, am I covered if any title questions come up later on. Just an idea I was kicking around to lower some costs. Thanks in advance for any input!

Comments(1)

  • jorge1211st October, 2003

    By conveying via quit claim you would be conveying whatevever interest you obtained from your seller which, in this case, I presume would be fee simple title. The question is whether your buyer would want to accept title in that fashion. Why wouldn't you simply convey via general warranty yourself?

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