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Jkayc
May 28, 2013, 06:44 PM
We currently hold a contract on property but the buyer is in default. We think he really would like to get out from under it because he is recently re-married and started getting behind in contract payments after marriage. I want to offer him a quit claim deed and I believe he will sign it. Is this all that is necessary if I put the same property description in the quit claim deed and then have it recorded at the county courthouse? I have looked at some quit claim deeds and they say "for the sum of ...." I don't want to give him anything. Can I leave that sentence our of quit claim deed?
Thanks for your help.

LisaB4657
May 28, 2013, 06:47 PM
You have to put in an amount. A deed is a document that signifies a sale of property and if you don't put in an amount it won't be a valid deed.

You can put in $10.00 and that will satisfy the requirement.