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Legality of a Unrecorded Notarized Quitclaim Deed

A quitclaim deed, which is a legal document used when one person wishes to surrender interest in shared property, should be filed with the local recorder’s office. However, even if it is not recorded at the time of signing, or not filed at all, the quitclaim deed is still legal. Recording a deed and filing the document is highly recommended and provides certain protections for the buyer, but it isn’t required to make the quitclaim legal.

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Refusing to Close Real Estate Deal

When you enter into a purchase and sale agreement in a real estate transaction, that agreement is a binding contract. If one of the parties to a purchase and sale agreement or other agreement to buy/sell real estate refuses to close on the transaction according to the terms in the contract, the other party may seek damages for breach.

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Protecting Yourself Before Buying That House

As a new home buyer, prepare yourself to make one of the most important decisions you will make over the course of your life. It is, for many people, the single biggest purchase they will ever make and a major investment in their future. However, while buying a house can be a great way to build wealth and to create a home for yourself and your family, there are also some serious risks in making such an important purchase. As such, there are several key things to think about and look out for when in the process of new home buying.

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