deed warranties: What Promises of Title are Given by a Foreclosure Sale or Bank Sale?
- 07/24/09 09:14 AM
Should you accept a Quitclaim Deed after a foreclosure sale? Many purchasers these days are receiving title by a quitclaim deed. Some purchasers think they are getting warranties of the condition of title because the deed forms have a different name. However, most of these people are usually not getting the warranties that they expect. Many people are purchasing at foreclosure sales, where the deed is always without warranties. Other people are purchasing from the lender after its foreclosure. The lender's deeds usually give no warranties of title. What value is provided by warranties of title? What are the purchasers missing? … (7 comments)
Should you accept a Quitclaim Deed after a foreclosure sale?
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