Posted on: 23rd Sep, 2008 01:26 pm
my inlaws are going through the process of selling property in utah to a developer. the developer has paid earnest money but has dragged the purchase out months. i found out that my inlaws gave him a quit claim deed on the property. i'm very concerned that he is trying pull something on them. why would he want a quit claim deed and why would the seller want to give him one? seems to me that it not a good idea to give a quit claim until the purchase.
you are totally correct leon. an executed quit claim deed provides this developer with whatever interest your inlaws had in the property. it looks like they have been led down the garden path and relinquished their property rights. you need to do some deeper investigating.
Would you say it's time to get a lawyer involved?
Hi leonpask!
Welcome to Forums!
Yes, you should consult an attorney as soon as possible. It is not at all required on the seller's part to sign a quitclaim deed in the name of the developer. If your inlaws want their property back, they will have to go for a reverse quitclaim deed. If the developer agrees to do a reverse quitclaim then your issue gets resolves. If he is not ready to do that, then you must consult an attorney.
Feel free to ask if you have further queries.
Sussane
Welcome to Forums!
Yes, you should consult an attorney as soon as possible. It is not at all required on the seller's part to sign a quitclaim deed in the name of the developer. If your inlaws want their property back, they will have to go for a reverse quitclaim deed. If the developer agrees to do a reverse quitclaim then your issue gets resolves. If he is not ready to do that, then you must consult an attorney.
Feel free to ask if you have further queries.
Sussane