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The Water Cooler
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Question on home purchase
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<blockquote data-quote="Shadowrider" data-source="post: 3061615" data-attributes="member: 3099"><p>They can certainly be used in this fashion, but they convey interest just as effectively as a warranty deed, <strong><em>IF</em></strong> the grantor does in fact own an interest at the time of execution. Also the warranty clause in a warranty deed estops the grantor from claiming the interest he conveyed down the road even if he acquires the title at a later point in time. A quit claim deed does no such thing in only conveys at the time and again, only if the grantor actually owns what he's deeding.</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 3061615, member: 3099"] They can certainly be used in this fashion, but they convey interest just as effectively as a warranty deed, [B][I]IF[/I][/B] the grantor does in fact own an interest at the time of execution. Also the warranty clause in a warranty deed estops the grantor from claiming the interest he conveyed down the road even if he acquires the title at a later point in time. A quit claim deed does no such thing in only conveys at the time and again, only if the grantor actually owns what he's deeding. [/QUOTE]
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