Legal Question in Real Estate Law in Florida

Quit Claim Deed

What are the downside to these deeds ? do's & don't


Asked on 11/18/07, 12:14 pm

1 Answer from Attorneys

Joseph Seagle Joseph E Seagle PA

Re: Quit Claim Deed

They provide absolutely no warranties of title. The grantor/seller is merely conveying whatever interest in the property they have. If they have no interest at all, then they have conveyed nothing to you, and you have little to no recourse at all against them. For this reason, we often view them as suspect and indicators that fraud may be involved in the transaction.

Another concern is that they are sometimes an indicator that an unfair and deceptive trade practice has occurred if they are used to obtain title to a property that is subject to a foreclosure. These carry hefty fines if that proves to be the case. For this reason, it is never advised to use such a deed (or any other type of deed) to quickly obtain title to property when the property owner is in foreclosure.

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Answered on 11/18/07, 1:36 pm


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