My question involves real estate located in the State of: Missouri
A property was quit claimed to me and the quit claim was recorded. Am I now the legal owner of the property and have the right to sell it?
My question involves real estate located in the State of: Missouri
A property was quit claimed to me and the quit claim was recorded. Am I now the legal owner of the property and have the right to sell it?
A quitclaim gives you only those rights possessed by the person who deeded the property to you. I could quitclaim the Brooklyn Bridge to you. But I don't own the Brooklyn Bridge, so you wouldn't actually get anything and you wouldn't have anything you could legally sell.
The property was quit claimed to me after I loaned the owner of the property money to help stop a foreclosure. After almost 2 years they have not paid me back in full and I was wondering if I can sell the house for the amount of money I am owed. If not, what advantage is it to me to have the deed in my name. Thank you for a quick reply.
You are misunderstanding what K said.
Did the person the signed the deed to you actually own the property? If so, once he signed the deed, the property became yours. You can do with it what you want (within any limitations of the deed or ordinances)