QUESTION
Quit Claim Deed for my rental property.
Asked on Jul 19th, 2014 on Residential Real Estate - Colorado
More details to this question:
I am selling my condo to my renter. It will take him five years to make payments and the balance of the purchase price will be paid at the end of the five years. He wants me to sign a quick claim deed now with him as the grantee. It looks like I will lose ownership of house.
1 ANSWER
3 Awards
You are correct you will loose ownership by signing a Quit Claim Deed. You should consult an attorney about drafting Contract for Deed.
Answered on Jul 21st, 2014 at 12:47 PM
Call Don at (303) 688-0944 or email at Reception@RobinsonandHenry.com This information is provided AS IS; and does not create Client Relationship.