BiggerPockets

Are you willing to sell via a warranty deed? A quit claim deed does nothing for me except tell me that you have no interest in the property. Others may, and therefore you are selling me nothing with a quit claim deed. But a warranty deed is a whole nother matter.

It means that you actually have skin in the game. Are you willing to warranty that?

That is a very good response Howard. Most people who recieve those quit claim deeds seem to think that they have to sell by using the same.

I just happen to purchase my properties at below REO prices through another actuion process. But since you answered properly where most here toughting an REO tape or group of home do not.

That will give you an edge with those willing to check things out here. But you may want to give them some more details.
You did give some, but is the average purchase price going to be maybe by state. How many in each state. Which bank did you purchase from. For those wanting to check you out before they deal with you this could be important.

Thank you Skylar . You can purchase title insurance form our or you're title company and once everything outstanding has been paid by you at closing , they will give you a warranty deeds.
Jim call me if you are ready to buy ...

Originally posted by Howard Mann

Thank you Skylar . You can purchase title insurance form our or you're title company and once everything outstanding has been paid by you at closing , they will give you a warranty deeds.
Jim call me if you are ready to buy ...

This post is a little misleading. The title company does not issue a WD or a QCD. The seller issues that. It goes into the escrow package and the escrow manager will release that QCD or WD to the buyer when all the conditions of the sale are met, which usually includes the title insurance.

So if I choose to use my title company, as your post suggested I can do, they can not and will not issue me any deed of any kind.

That depends a lot upon the title insurance company as a lot of them will not insure a qcd.

Therefore if you present a qcd during the sale process it will come to a dead halt because the title company will not insure the quick claim deed. Why not just go ahead and issue a Warranty deed all the time so there are no problems. If there is an issue of the higher cost of a warranty deed vs a quit claim deed that can be hammered out during the sale as to who is paying for the additional expenses. It is by far the safer way to go and the preferred method of investors.

Our title company said they will always insure our QCD , the buyer needs to understand that all outstanding issues need to be paid up " at closing " , then we will give the WT . As long as we are up front with the buyer and explain the process closing should be simple .