Legal Question in Real Estate Law in Florida

Quit Claim Deed

My question is,

I am currently purchasing some Hud homes and have the option to Quit Claim these homes back to the seller that I bought from which is a brokerage firm for investors. What will happen to my credit and or what is the proper documents I should use to keep this from effecting my future purchases I understand these mortgages will show up under my credit report as long as they exist. How do I protect myself.


Asked on 1/25/02, 11:02 am

2 Answers from Attorneys
Peter Gonzalez Sanchez-Medina, Gonzalez, Quesada, Lage, Crespo, Gomez & MachadoLLP

Re: Quit Claim Deed

If the mortgages have a "due on sale" clause, you may not want to quitclaim the property back to the seller. You need to meet with a real estate lawyer and have him/her review all of the pertinent documents before any meanignful guidance can be provided. Good luck.

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Answered on 1/25/02, 11:46 am
Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

Re: Quit Claim Deed

You have provided insufficient information with which to give you a meaningful reply. I suggest you consult with competent counsel prior to going forward.

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Answered on 1/25/02, 3:50 pm


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