How can I convert a quit claim deed into a warranty deed?

I recently purchased a foreclosure plot of land in Michigan through a real estate merchant.Upon attempting to put this property for rent I have discovered that the property management team will not acknowledge the quit claim deed that accompanied this plot. Is there a way to convert a quit claim into a warranty deed if I am the grantee on the quit claim. Am I still accountable for tax while the property is empty?

Asked on March 13, 2012 under Real Estate Law, Michigan

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

First, so long as you own the property you purchased, you are obligated to pay its property taxes.

One way to get a warranty deed to the property you acquired via a foreclosure where you got a quit claim deed for it is to simply deed the property to yourself or a trust that you created as a grant (warranty) deed. I suggest that before you do so you consult with a real estate attorney and purchase a title insurance policy for the parcel as a start.


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