Subject: 4 Reasons A Quit Claim Deed Should Be Avoided

WILMOTH Updates
A quick reference for residential investors from WILMOTH Group. Providing creative solutions, strategy, services and support in the residential investment community since 1994. 
4 Reasons A Quit Claim Deed Should Be Avoided
Is a quit claim deed the proof of ownership you possess for a property?  Far too many investors come to us with properties to manage and their proof of ownership is a quit-claim deed.  Acquiring or transferring ownership in a property and not obtaining a full warranty deed may come back to haunt you.  A quit claim deed only transfers ownership and does not provide any assurance that the seller (Grantor) will fix any title problems that arise.  Quit claim deeds offer the least protection to the buyer (or Grantee).

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