Posted on: 24th Nov, 2007 10:10 am
i am one of four people who purchased some acreage in georgia a few years ago. two of the people have sold their portion to the remaining two. can a quit claim deed be used for this transaction?
thanks "stcsweet1970@bellsoutn.net"
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thanks "stcsweet1970@bellsoutn.net"
[size=9:60ac7f16f0][color=red:60ac7f16f0][email address deactivated as per forum rules. thanks.][/color:60ac7f16f0][/size:60ac7f16f0]
Depends, if you give someone $$ and they sign the quitclaim deed then they got $$ and give up the interest in the property. So in the sence they would sell you the property. But it is highly advised to have a 3rd party such as real estate agent or a lawyer to supervise the transaction.
Hi psweet,
Welcome to this forum.
I agree with Eugene that it is better if you have a real estate agent or a lawyer to supervise the transaction. But you can surely use quitclaim deed if they get less $$ than the share of interest that they have in the property.
Thanks,
Larry
Welcome to this forum.
I agree with Eugene that it is better if you have a real estate agent or a lawyer to supervise the transaction. But you can surely use quitclaim deed if they get less $$ than the share of interest that they have in the property.
Thanks,
Larry
Hello Psweet,
A quit claim deed might be used in such cases. The money transaction involved in it has to be stated in the quit claim. It will be better if you consult a real estate agent or an attorney for further advice.
A quit claim deed might be used in such cases. The money transaction involved in it has to be stated in the quit claim. It will be better if you consult a real estate agent or an attorney for further advice.