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The Water Cooler
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Question about Quit Claim Deed
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<blockquote data-quote="inactive" data-source="post: 1687626" data-attributes="member: 7488"><p>How a contact works is specific to the language in the contract <img src="/images/smilies/smile.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /></p><p></p><p>Not being a smart-ass, but this discussion was about general terms and of course, as you proved, one needs to look at the specific language in the contract to understand how and what it conveys. I work in insurance, not real estate, but this is true with most contracts. We can argue about the general differences in contracts all day long, but we never know we are right or wrong until we examine specific language.</p><p></p><p>I also agree that a QCD could be fine, if as you state, you research the title and it all makes sense. If John Smith sells me 5 acres via QCD, and Assessor confirms with the legal description of the property that John Smith has held it free and clear for decades, I would be comfortable with the sale.</p></blockquote><p></p>
[QUOTE="inactive, post: 1687626, member: 7488"] How a contact works is specific to the language in the contract :) Not being a smart-ass, but this discussion was about general terms and of course, as you proved, one needs to look at the specific language in the contract to understand how and what it conveys. I work in insurance, not real estate, but this is true with most contracts. We can argue about the general differences in contracts all day long, but we never know we are right or wrong until we examine specific language. I also agree that a QCD could be fine, if as you state, you research the title and it all makes sense. If John Smith sells me 5 acres via QCD, and Assessor confirms with the legal description of the property that John Smith has held it free and clear for decades, I would be comfortable with the sale. [/QUOTE]
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