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    knowledge77's Avatar
    knowledge77 Posts: 4, Reputation: 1
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    #1

    May 4, 2011, 12:02 PM
    Quit claim question regarding contract for deed
    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's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    May 4, 2011, 12:06 PM
    Quote Originally Posted by knowledge77 View Post
    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
    knowledge77's Avatar
    knowledge77 Posts: 4, Reputation: 1
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    #3

    May 4, 2011, 12:18 PM
    Comment on excon's post
    Thank u excon
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