Buying a Property That Has a Quit Claim Deed amp Need Title Insurance

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=z310lwdkVjk

A quit claim deed is a simple form used to transfer property ownership, often used in situations like divorce, family transfers, or partnerships. • It is recommended to obtain this form from the local assessor's office, fill it out, and record it for protection. • However, there are several disadvantages to using a quit claim deed. One major drawback is that the original owner may still be responsible for the mortgage, even after transferring the property. • If the property has existing liens, they can also transfer with the property, making the new owner liable for these financial obligations. • Furthermore, using a quit claim deed may lead to the loss of tax advantages associated with property ownership, especially if the mortgage is not in the new owner's name. The video also shares two real-life stories illustrating the potential pitfalls of using quit claim deeds. • Mike Patel is a Full-Time REALTOR® and Broker Associate at First Team and Christie's International Real Estate in Anaheim Hills, Ca. • Mike works with Residential, Investment and Commercial Real Estate. • Book A time to Chat Or IF you have any questions: • https://calendly.com/mikepatelreal • Please Like and leave comments and post any questions below. • What is my home worth in today's Market? Get instant value and monthly updates!! • https://hmbt.co/nKPwgB • 🚨 Subscribe to this channel here: 👇👇👇👇👇👇👇 • ✅ https://www.youtube.com/user/mikepate... 🔔 • Links to FREE BOOKLETS: • 15 Critical Questions to ask when Buying a Home • https://www.mikepatel.com/15-question... • 15 Critical Questions to Ask when selling a home. • https://www.mikepatel.com/15-question... • Search Current Homes For Sale: • https://search.mikepatel.com/idx/sear... • Get an Instant Free Home Valuation of your home by email: • https://www.superhomevalue.net/ • Let us connect! • Facebook Page: / anaheimanaheimhills • Facebook: / maheshmikepatel • Instagram: / mikepatelgroup • LinkedIn: / maheshmikepatel • Mahesh Mike Patel • First Team And Christie's International • Anaheim Hills Ca 92808. • 714-470-8600 • [email protected] • https://www.mikepatel.com/ • dre 01146880

#############################

New on site