Quit Claim Deeds
Hi, I am trying to find out information regarding Quit Claim Deeds. My brother got a very nice home through this process. The only thing is, he had to come up with $3500.00, in order to get the home. He has bad credit and so does his wife; he had businesses that went bust. I did not know that there was money involved in a quit claim deed. I thought one just took over the payments of the home and that was that. I did not want to ask too many questions,and get too personal;even though it is family. Can you explain the process. 
quit claim requires a small filing for the town unless you use an attorney. 3500 sounds like U haul money to get the owners out. sometimes whiskey works
whiskey, lol
i was looking thru the quit claim deeds at my local county recorder's office and the highest dollar amount i saw was $10.....usually, you have a seller fill out half the quit claim (have it notarized) and then either you or the party who's buying fills in the rest...then after the quit claim is signed and the sellers are out or moving out you give them some moving money or whatever it is you worked out with them.....
Whiskey, let's see if I can use that one
How and where does one find quit claim opportunities?
Thanks..sorry if this is obvious info, but I'm the *new guy*
Cheers!
QUit claim is just a deed that relinqueshes tite that the deed maker has at that time. NOt a particularly strong one usually used for repairing clouded titles.
It is possible to take over a property with one but I would prefer a warranty deed, specifically a general.
A Quit Claim deed says "I give you all my right, Title and Interest, if I have any! A very weak ethod of transferring title.
A Grant Deed comes with (I think 7) Warrantees. I think they go something like this...
1. I own the property.
2. I have the right to convey it to you.
3. I will guarantee it
4. I wil defend the Title
5.
6.
7.
A new licensee should know all of these (so should I but after 30 yrs .......)
A Grant deed is the strongest Conveyance of title used.