what are the risks involved in buying a Quit Claim deed on a tax deed sale?

Question

I am interested in buying some of these tax deeds in Florida, however once you purchase the deed if it is a quit claim deed does that mean that someone else could still have partial ownership over the property or could they be entitled to some of your profits. I guess my questions is what are the risks and what do i need to do to avoid them when purchasing a quit claim deed. Thanks

Answer 1

A quit claim deed only means THAT person doesn't have a claim on the property. It means nothing to you unless you already own part of it. I would NOT be buying anything that offers only that as a deed.