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To: Sybeck1
A quick claim deed?

Yes, I believe it was a "quit claim deed." (Don't remember where I saw that, can't find it in the record I posted but I did see it somewhere.)

I don't know what that means. Does it give you some clue as to what was going on there?

302 posted on 10/08/2007 3:04:47 PM PDT by shhrubbery! (Max Boot: Joe Wilson has sold more whoppers than Burger King)
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To: shhrubbery!

A quitclaim deed is normal in a friendly transaction, often intra-family in gift or partial gift situations. What it means is the seller offers no warranties on the property as to title, condition, etc. and merely deeds whatever right he or she had to the new owner. No one who is negotiating at arms-length is going to accept that kind of non-warranty since the owner could, in fact, be transferring absolutely nothing.


313 posted on 10/08/2007 4:01:04 PM PDT by caseinpoint (Don't get thickly involved in thin things.)
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To: shhrubbery!

A quitclaim deed is normal in a friendly transaction, often intra-family in gift or partial gift situations. What it means is the seller offers no warranties on the property as to title, condition, etc. and merely deeds whatever right he or she had to the new owner. No one who is negotiating at arms-length is going to accept that kind of non-warranty since the owner could, in fact, be transferring absolutely nothing.


314 posted on 10/08/2007 4:01:37 PM PDT by caseinpoint (Don't get thickly involved in thin things.)
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To: shhrubbery!
Sometimes a quit-claim deed is used to remove a family member from the title.

-PJ

317 posted on 10/08/2007 4:17:29 PM PDT by Political Junkie Too (Repeal the 17th amendment -- it's the "Fairness Doctrine" for Congress!)
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To: shhrubbery!; Sybeck1
A quit claim deed. It seems it's most often used to transfer property between family members

How much you want to bet that the father of the kids was working mostly off the books for the wealthy grandfather, fixing up the grandfather's properties for resale? Meanwhile the grandfather could pay for the grandkids education at the expensive private school

321 posted on 10/08/2007 4:38:35 PM PDT by SauronOfMordor (When injustice becomes law, rebellion becomes duty)
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