Investor · Euclid, OH · Member since 2015 · 2 posts · 0 votes
I’m about to purchase a house using seller financing from my business partner and was wondering how should I transfer the deed? Warranty or Quit claim?
Investor · Tucson, AZ · Member since 2017 · 208 posts · 235 votes
6y
Always use a warranty deed. A quit claim deed offers no warranties, it only releases the (potential) interest of a party. A quit claim deed will also invalidate the title insurance that was last purchased for the property.
I’m about to purchase a house using seller financing from my business partner and was wondering how should I transfer the deed? Warranty or Quit claim?
The type of deed matters less than purchasing a title policy that insures your interest in the property. A title policy that insures your Grantor does not provide you with any protection.