QUITCLAIM DEED...potential? OR disaster?
Hi BP!
I'm hoping for some guidance on QuitClaim Deeds-
I drove by this house the other day that is clearly vacant and in need of serious TLC. The grass covers the entire house... I had to climb through the jungle just to confirm the address. I pulled the property info up on the local county site. I can see the owners info (2 names), they live elsewhere and I'm planning to mail them a letter (I also found a potential phone # running a reserve lookup).
The county site says that the legal reference is QUITCLAIM DEED dated in 9/2009.
Not to sound stupid (or maybe:)) What does this mean? my initial thoughts are either, gifted? divorce? or tax deed sale? I read another forum on QCD and they recommended to run away.... ( maybe a completely different scenario though) !?!
Any way to find out more info?
Also.. any advice on an effective letter? I want it to be personal but strategic.
Please shed some light! THANKS