quit claim deed florida

[Tim King]

looking for advice about closing on house with quit claim deed, and what concerns i should address....... using hard money and then refi afterwards...

[Tyler Gibson]

@Tim King I am not a real estate attorney and you should consult one. With that disclaimer out there I would say don't so it. You want a warranty deed. The reason you want a warranty deed is because that ensures that you have title insurance. No bank will loan on a property that you don't have title insurance on. If after you own it via a quit claim deed and you go to refi the bank will do title work if there are liens on the property or there is any issue with the title then they will not loan on the property you would then have to resolve any title issues which could cost you some serious money. Again you want title insurance before you close because that ensures that you have clean title and that there will never be an issue with right of ownership. Warranty deed, And consult with a real estate attorney. There are very very few circumstances where buying a property with a quit claim deed is a good idea.