quit claim deed good enough or not?

General Real Estate Investing
1

hey all, i’ve been doing my research on sub2’s and till recently i was under the impression, from reading many posts on various forums, that a quit claim deed would be good enough when assuming mort. payments. after listening to an online seminar, the opposite was suggested, and that a quit claim deed is NOT enough.

…maybe this varies from state to state?

i’d like to hear some comments :wink:

thanks,
ryan

2

http://www.reiclub.com/forums/index.php?board=22;action=display;threadid=11418

Here is a good post on quit claim deeds.

3

thanks bobotheking. that’s funny, it was John’s seminar which I heard that. I’m not implying that I do not believe his statement…I would just like to hear other opinions as well :wink:

ryan