Newsflash: Warranty and Quit Claim Deeds

10 years ago I purchased a house for my son. The mortgage is my name, but he pays all the bills. I have a warranty deed in my name and a quit claim deed with both of our names. If “we” sold the house, all I would want out of the sale is my initial investment. My son can have the growth in value. Financially does this set up make sense. Any concerns, comments?

Read more at https://www.reddit.com/r/RealEstate/comments/1cuuacs/warranty_and_quit_claim_deeds/?utm_source=ifttt

Leave a comment