Contemplating Quit Claim Purchase in Florida

Hello,

I'm interested in a home where the owners, a married couple, quit claimed their warranty deed to themselves and another single woman as joint tenants with right of survivorship.

Here is the property appraisers link:
http://www.co.palm-beach.fl.us/papa/...e=0&adlfilter=

They made this quit claim in 2001 after the couple purchased the warranty deed in 2000.

Is this normal? I have just found this out and now recall the owner telling me that the previous deal had fallen through near closing. Could this have been the reason? :rolleyes:

Thanks for your input,
Jamie

It's possible but I have no way of determining that.

A quit calim deed isn;t neccessarily a bad thing. It is often used in the manner you have seen to transfer to a family member or such.

What is important is;

are they going to deed to you via a warranty deed

is the title clear

is a title insurance company willing to write a policy on the property with no exceptions that you are not willing to risk or understand.

So as long as the title insurance goes through on the warranty deed things should be fine?

Thanks for your time and input,
Jamie

just pay close attention to and exceptions or exclusions on the title insurance.