New York Property Insurance
Quit Claim deed and septic system issue?
In the state of New York, if a person purchases a piece of property that alreay includes an active septic system on it, who becomes responsible for any repair that might later be needed on the septic system if it is purchased using a quit claim deed?
I am aware, or at least I believe, that when you purchase a home “the normal way with a realtor/bank/lawyer/title insurance etc.” equiped with a septic system, in some areas there has to be an inspection on the septic system (by the seller) and then I believe that money from the sale is usually held in escrow for a certain period of time in case any repairs are neccessary. But is this the case when a property is purchased using a quit claim deed? Thanks!
Mary,
A quit claim deed gives you 100 percent of rights to the property including maintenance.
Sorry but repairs are your responsibility.
Norm
New York Disability Insurance Lawyer Gabriel Hermann
