Posted on: 25th Jan, 2010 07:12 pm
I was wanting to build a home and then finance it through USDA loan but I was told that I need to quick deed my land to the builder so that he can begin to build and once he is finished he would turn it back over to me along with the payments to the house is this a good idea
Hi Guest,
I don't think this is a good idea. If you quitclaim the property to the builder, it would become his property. There is no guarantee that he would turn it back to you once it's complete.
I don't think this is a good idea. If you quitclaim the property to the builder, it would become his property. There is no guarantee that he would turn it back to you once it's complete.