Can I legally use a quitclaim deed with a deed of trust in Texas when financing

General Real Estate Investing
1

Can I legally use a quitclaim deed with a deed of trust in Texas when doing owner financing? I am trying to avoid taking on the liability that comes with a warranty deed. I have acquired a property with a quitclaim deed and would like to resell it with financing for a profit of about $1000. Obviously if I pay for title insurance so I can give the new owner a warranty deed without worry it would wipe out all profit.

2

Hi,

I have a question "Why are you doing a real estate deal where your only making $1000 dollars"?


           GR
3

I have acquired a property with a quitclaim deed

In addition to what Gold River said…you have NO warranty of title what-so-ever with a QCD.

4

Yes you can use a quit claim deed with owner financing legally in Texas.