Owner wants to do a "Quitclaim Deed" to execute deal

[Trevor S Foster]

Hello,

I have a owner who's agreed to a purchase price of a property but wants to do a "Quitclaim deed" and then an assignment of the property over to us. I do know he owes taxes on the property but would be covered by the purchase price.

Is there anyone here that can explain this process and how it should be done? Would a title company be able to do this type of transaction? 

I have no knowledge of this type of transaction so any insight would be great! Thank you

[Wayne Brooks]

Usually they are trying to hide some problem that becomes Yours. Get title insurance for the transaction, or walk away.