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In the state of New York, if a person purchases a piece of property that alreay includes an active septic system on it, who becomes responsible for any repair that might later be needed on the septic system if it is purchased using a quit claim deed?
I am aware, or at least I believe, that when you purchase a home "the normal way with a realtor/bank/lawyer/title insurance etc." equiped with a septic system, in some areas there has to be an inspection on the septic system (by the seller) and then I believe that money from the sale is usually held in escrow for a certain period of time in case any repairs are neccessary. But is this the case when a property is purchased using a quit claim deed? Thanks!

2007-02-08 05:56:35 · 3 answers · asked by Mary R 5 in Business & Finance Renting & Real Estate

3 answers

Mary,

A quit claim deed gives you 100 percent of rights to the property including maintenance.

Sorry but repairs are your responsibility.

Norm

2007-02-08 06:04:20 · answer #1 · answered by Anonymous · 1 0

Be careful!
I live in california and the cost to replace a septic system here is
$130,000.00!
Do you know what "repairs" need to be made?
Have it inspected before you take on the responsibilty of someone elses problems.
A bad septic system can result in the state condeming the property.

2007-02-08 14:50:55 · answer #2 · answered by charlotte q 2 · 0 0

You will be responsible, since the person signed over the house making no money from the quit claim deed.

2007-02-08 14:05:52 · answer #3 · answered by mama 4 · 0 0

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