Monday, April 28, 2014

I purchased a house for 3,000 on a Contract for Deed,the owner say he working on getting the tenant out,its been a minute,I've signed a Quit...

Question

I purchased a house for 3,000 on a Contract for Deed,the owner say he working on getting the tenant out,its been a minute,I've signed a Quit Claim Warranty Deed and want to know what do I do know?



Answer

I believe this is a follow up on an earlier question. My answer has not really changed. I do not see why you would be signing a deed as usually only the seller will sign a deed. Next, the terms quit claim and warranty, which you are using together, are, essentially, opposite designations. Finally, if the transaction involves a contract for deed, the seller's deed usually would not be given until the end of the contract for deed term. You really need to get someone involved who understands the processes and can make sure that no advantage has been taken.



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