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May 24, 2012, 02:56:34 PM

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Real Estate Investing Forums  |  Real Estate Investing  |  Asset Protection, Legal and Contract Issues, Income Taxes, 1031 Exchanges (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Quitclaim Deed « previous next »
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Sickdog
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« on: February 18, 2004, 02:43:42 AM »

Found a property with a quitclaim deed, and was wondering how (if at all)
this would effect the deal procedure?
Thanks
Sickdog
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tedjr
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« Reply #1 on: February 18, 2004, 07:41:47 AM »

Title company may have problems. If the deed is a few years old you may be OK. Also if the deed is from spouse in a divorce with court order you may be OK too. May have to get a new deed signed to be sure but that may be impossible too. Hard to believe these deeds  have stayed around so long. My idea of how they came about was a gun pointed at some ones head, but who knows

Good luck and thank you,
Ted P. Stokely Jr
11505 Sw Oaks
Austin, Texas  78737
512-301-9171 home
512-587-6177 mobile

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Ted P. Stokely Jr

San Antonio, Texas
NancyChadwick
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« Reply #2 on: April 10, 2004, 05:16:09 PM »

I would urge caution if you're dealing with a property on a quitclaim deed. Suggest you have a title company pull the title on it and if you're interested in buying the property, have them tell you what type of title insurance coverage they would provide. The objective is not just to get title, but to get good, marketable title insurable at regular rates.
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PA licensed RE Broker (Lic #RM061216B)  & Instructor (Lic #RI002050L), specializing in land brokerage, subdivision & development
Land Buying & Selling
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Real Estate Investing Forums  |  Real Estate Investing  |  Asset Protection, Legal and Contract Issues, Income Taxes, 1031 Exchanges (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Quitclaim Deed « previous next »
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