thetopnerd
07-14-2007, 06:36 PM
What is the purpose of a quit claim deed
long t
07-17-2007, 04:34 PM
its a deed to let the purchaser know that the seller doesnt actually own anything but simply providing power of attourny....lawyers would know more about this part of the transaction might want to check with them..
David
07-18-2007, 10:39 AM
It's a deed that you are given where the owner quits their claim to the property...translation you are the new owner of the house once the owner signs this. Of course there are still mortgages and liens on the house so you have to find out about those.