What will best proesct someone's rights - a warranty or quick claim non-warranty deed?
Question Details: I recently purchased a home with a FHA loan. I was told that my fiance would not be able to be on the warranty deed being that I was the sole borrower on the loan. I was then instructed to execute a non-warranty deed from myself to her and myself. Is this sufficient enough to protect her rights as owner of the home? Do we have to execute a warranty deed now or can this remain as is?
A quit claim deed means that you give her whatever rights you have but do not "warrant" or contractually guaranty anything other than that she is getting what you have. Since you can't actually give her more rights than you in fact have, a quit claim would be adequate.
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