2006-11-17 05:05:05 · 7 answers · asked by Nancy B 1 in Business & Finance ➔ Renting & Real Estate
Assuming that the buyers will have an attorney to represent them, their lawyer will not allow a self-prepared deed. Also he/she may not allow a quit-claim deed. Why didn't you get a general warranty deed when you pruchased the property??
2006-11-17 06:55:17 · answer #1 · answered by KC 5 · 0⤊ 0⤋
If you are reissuing them a quit claim deed you can do that yourself but most likely they will want a warranty deed because this is the most secure type of deed an individual can receive and a warranty deed should be drafted by a lawyer. A quit claim deed only relinquishes your interest in the property and provides no security to the new buyers because its possible that someone else also has interest in that same property. Quit claim deeds are usually only used in divorce cases.
2006-11-17 05:25:44 · answer #2 · answered by joe kid 1 · 0⤊ 0⤋
Do not sell your home without the assistance of either a real estate attorney or a title insurance company. Do not draft legal documents yourself, especially deeds, since the county recorders require them to be perfect. Goof up and it'll take forever to fix.
Spend a little money and get it done right. Any attorney or title company should be able to do the work and get paid from your proceeds at time of closing.
Most importantly, they can help make sure you get your money!
2006-11-17 05:14:24 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You can prepare your own quick claim deed. Make sure it has the correct legal description. Also, it is important to have to witnesses in front of a notary. Don't count on the notary to be one of your witnesses.
2006-11-17 05:19:10 · answer #4 · answered by masaouda 2 · 0⤊ 0⤋
I would advise you to get some help. It will ensure everything is recorded properly. The most cost effective way to do that (around here) would be to contact your local title company. They are in the phone book under Title Companies....Tell them what you are trying to do and they can get the proper paper work and make sure it is filed properly at an affordable price.
2006-11-17 06:04:13 · answer #5 · answered by Littlebit 6 · 0⤊ 0⤋
Hire a lawyer. It is just not worth saving a couple hundred dollars for all the things that could go wrong.
2006-11-17 06:48:07 · answer #6 · answered by Adoptive Father 6 · 0⤊ 0⤋
i dont know the answer to your question, sorry but, i do know whenever you are dealing with legal documents or transactions the best place to go FIRST , is a lawyer. they have experience in these matters and are better able to help you do the right thing. so please get this answer from a lawyer. good luck my friend.
2006-11-17 05:11:51 · answer #7 · answered by chrystal 4 · 0⤊ 0⤋