Quit Claim - Posted by t Mac

Real Estate Investing Real Estate Law
1

Posted by dealmaker on December 01, 2007 at 07:08:06:

Well it’s their ship and their rules. I’m thinking you mean a “statement” from the original seller to you. If you can’t find the original seller ask them if they will “bond around” that lien.

dealmaker

2

Quit Claim - Posted by t Mac

Posted by t Mac on November 30, 2007 at 10:45:39:

I am working on a transaction. I am purchasing a property via a quit claim deed. Then reselling the property via warranty deed.

A title search was done. It shows there are $200 in liens which my buyer has agreed to pay.

After further discussion with the title company, they told me that the underwriter will not be able to issue title insurance unless there is a formal settlement from the original seller to me. Does that make sense or am I missing something?

Thanks

3

Re: Quit Claim - Posted by DJ-nyc

Posted by DJ-nyc on December 04, 2007 at 07:03:41:

Can’t they hold double the amount in escrow and close anyway?
$400.00

DJ-nyc