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Debwill610
Nov 7, 2015, 01:03 PM
My Husband and I have worked out a Property Settlement Agreement in our divorce. We own a piece of property that we have signed a Land Purchase Contract on. He is the buyer and I am the Seller. Should I sign a Quit Claim Deed to him?

hkstroud
Nov 7, 2015, 05:05 PM
I don't think so. You should consult an attorney.

Fr_Chuck
Nov 8, 2015, 12:15 AM
No, on a land contract, there is no deed transferred till all the money or other terms are done.

ScottGem
Nov 8, 2015, 06:43 PM
The purpose of purchasing property on a land sales contract is that the seller continues to have title to the property until the contract has been fulfilled. You would lose that protection if you sign a quit claim deed.

AK lawyer
Nov 9, 2015, 03:07 PM
And when the contract has been performed, transfer title via a warranty deed. The buyer will have paid good money; he deserves a warranty that you actually own the interest you are selling him. I understand that he now owns an undivided interest in the property, but a deed should specify what interest you are actually conveying to him.