SUBJECT TO offers - Posted by NOLAN

Real Estate Investing
1

Posted by Randy (SD) on July 19, 2004 at 12:15:20:

You want a Warranty Deed instead of a Quit Claim Deed…

Quit Claim Deed - A deed by which the grantor gives up any claim he may have in the property. Often used to clear up a cloud on title.

Warranty Deed - A deed under which the seller makes a guarantee or warranty that title is marketable and will defend all claims against it.

Courtesy of the legal wiz at http://www.legalwiz.com/glossary.htm

Yes it can be done even in Texas?

2

SUBJECT TO offers - Posted by NOLAN

Posted by NOLAN on July 19, 2004 at 07:33:18:

I have been reading about offering a seller the option to sign a quitclaim deed showing me as the buyer. Recording it at the court house and I assume their loans as is and I make their payments going forward. Which gives me control of the property.

Can this be done in Texas in the real world today?

Nolan