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!
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?