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Updated over 4 years ago on . Most recent reply

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Vladimir Oursou
  • Homeowner
  • Monroe, NC
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Quiteclaim deeds pro/cons

Vladimir Oursou
  • Homeowner
  • Monroe, NC
Posted

Hi everyone I found a property for what I consider an amazing deal.

This would be my first property sfh

But they want to sell it cash as a quiteclaim deed how Ricky would it be to buy something like that?

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Usually, but not always, that means there is some title issue....was bought at a tax sale, liens, etc. 

Step 1 is get a title insurance commitment from a title company. This will tell you what you need to know. 

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