Legal Question in Real Estate Law in Texas

Texas Quit Claim Deed

Hi,

I wanted to put in the quit claim deed for consideration a future payment by a certain date. Such as $40,000 to be paid by July 2010, or if not $3500 a month for 12 months starting on July 2010. Is this type of verbage allowed in a quit claim deed?


Asked on 10/09/07, 1:13 pm

1 Answer from Attorneys

Re: Texas Quit Claim Deed

Don't do this yourself. You're asking for trouble. Get a lawyer or a title company and have this done correctly. To answer the question, a quitclaim is not a transfer, it's a release. I think what you are wanting would be a note and deed of trust.

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Answered on 10/09/07, 1:45 pm


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