Quit Claim Deed issued.

[Leif Norris]

I purchased land in Mountainburg, Arkansas at Crawford County. The land was owned by The State because tax delinquent. Cheap Lands firm came in possession of the land. I purchased the property from Cheap Lands and was issued a Quit Claim Deed. As I am on my new property, appears a Female and approaches and says that the property is still her's. Please give good advice.

[Wayne Brooks]

@Leif Norris Yes, you “own” the property….but there may be multiple liens or mtgs attached to the property also. This why it is important to understand the tax process in your area and the laws that apply. 

[Peter Walther]

Originally posted by @Ricky Davis:

Quit claim deeds are not worth the piece of paper they are written on. They will not hold up in court. when you buy property like that you run the risk of losing it. Just because you paid the taxes on it does not mean a thing, you may have made a donation. Just know when you buy something like that do not put one penny it it until you get a clear title and even then, read the fine print on title insurance, you can lose it. I have never purchased anything in that situation because I know that you can lose it and your money as well. I do know people who have done it but they have enough money to take the loss if it should occur. Just realize you are playing a game that can come back and bite you.  

In my opinion a QCD will hold up in court as a valid conveyance between the buyer & seller, there's just no warranties.

[Emi Hei]

I agree with the last poster.

A quitclaim deed is totaly fine. Buyers can research liens themselves or they can pay for a title report or pay an attorney.

Also, prior posts stating that mortgages can exist are nonsense because one poster said that it was tax foreclosed.

In Arkansas, if you are tax foreclosed, there are no mortgages. Also, how many mortgages exist in Arkansas on small vacant land tax assessed for a low amount as this property?

In summary the person who said quitclaim deeds are worthless does not have a clue. If you look up the deed that Amazon has in Ocala Florida, the property is literally $100 million and they were only issued a special warranty deed.

A quitclaim deed, special warranty deed, and general warranty deed are fine in any deal ONLY IF the buyer is confident in their research or pays a title company or attorney. 

Any moron can sell a warranty deed and not even research if liens exist. For example, I know land sellers who buy properties as warranty deeds and resell them that way. But when they resell them they don't really know or check if liens exist.

So in summary, any deed is fine depnsing on the buyer doing CORRECT reseach.