I know a quit claim is not as good as a Warranty deed. Also, Title insurance is a must. However, check the title policy. Daughter bought a house in Illinois recently and I was surprised to see the Title Policy only covered claims that were part of the public record. What good is that? I can check the Public Record these days as well as they can. In fact, 1st house she submitted an offer for had IRS tax liens on the owner that I found online before the Title Company reported them. (She rescinded the purchase on that one).
What I want to be covered for is "Nephew Billly" who says he has a quit claim deed never recorded or the neighbor who has a deed and survey showing he owns part of the land.
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Today's Featured Article - New Life for an Old Allis - by Tyler Woods. My friend Jon, has an old '39 Allis Chalmers B. He thought it a marginal tractor that had long since served its time. She smoked terribly and never had much power but he couldn't afford another so he was limping along with what he had. Jon's Allis has a small front loader and though it doesn't carry much, it serves his needs. It was the hard starting and low power that made him think it was time to replace the old girl. Jon called me to help him discover why his tractor wouldn't start
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