I bought a lot form the county and they going to issue me a Quitclaim deed , is a Quitclaim deed a marketable deed? where i can get a title policy on it and a loan , resell it, develop the lot then resell it.
Thanks
Yes, its marketable. Its just that your title is not warrant (hint: Warranty Deed). The county just quit claim their interest to you for consideration. My advice is to go get title insurance or a least get a title commitment done so you can make sure that there are no encumbrances or clouds that you may have to quiest, which can be expensive
Yes, its marketable. Its just that your title is not warrant (hint: Warranty Deed). The county just quit claim their interest to you for consideration. My advice is to go get title insurance or a least get a title commitment done so you can make sure that there are no encumbrances or clouds that you may have to quiest, which can be expensive