Does anyone ever buy with a QUIT CLAIM Deed

[Joel Ortiz]

I've received some lists lately of bank and privately owned property that has two different pricing on the sheet... warranty deed and a drastically reduced price for a QC. 

I was wondering if anyone ever buys with a quit claim? 

Do you have any suggestions on what due diligence process I need to go through before buying on a QC?

Thanks,

Joel

[Ned Carey]

It would depend on what the contact to purchase says. If you are guaranteed free and clear title and get title insurance a QC deed is fine.  However understand that a QC deed does not necessarily transfer ANY rights. You only get whatever rights the provider of the QC deed had. 

I will take a property with clouded title for the right price. As long as I know what the issue is and what my risk is, I may decide the risk reward is worth it.