knowledge77
May 4, 2011, 12:02 PM
Seller is requiring me to sign a quite claim deed property is Indiana (they said it will release me from liability) back to them? Is the legal? As a note, nothing has been recorded regarding this contract for deed
Thank you
excon
May 4, 2011, 12:06 PM
Seller is requiring me to sign a quite claim deed property is indiana (they said it will release me from liability) Hello k:
What it does, is gives them the ability to claim ownership of the house WITHOUT taking you to court if you default on your agreement.. I wouldn't sign it.
In fact, upon further consideration, it allows them to take ownership of your house even if you DON'T default... Don't sign it.
excon