I’ve two questions on Quit Claim Deeds. I’m sure this is a topic that’s frequently visited, but I can’t seem to satisfy my interest in the subject.
I’m looking into purchasing a vacant lot which has a Quit Claim deed. From what I can tell, it is inherited property that is under current ownership since last July. Before that it was owned by someone of the same last name since it’s purchase in 2008.
I also own another vacant lot that has a Quit Claim deed. I purchased last year from an individual that bought it at the county tax sale.
My intentions are to build small homes on both properties. After reading a lot of different info on Quit Claim Deeds, most of which advises to steer clear of these types of properties.
So, question 1... Should I stay away from the pending purchase of my recent vacant corner lot find?
Question 2.... What can I do to ensure I can safely build a home on my current QCD property?
Properties are located in South Carolina if that matters on the direction of advice. Thank you for your thoughts and suggestions!
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source https://www.reddit.com/r/RealEstate/comments/mhjlg1/need_quit_claim_deed_advice/
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