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starrymoon
05-26-2016, 07:50 PM
Has anyone done a quit claim with a property in Aruba? Does Aruba even have such a thing as quit claim or an equivalent thereof? The only way I was aware of transferring property was through a purchase agreement. Would appreciate any guidance on this.

starrymoon

ITIE
05-26-2016, 08:59 PM
All property transactions are done through a Notary, which impartially represents bother the buyer and the seller.

IMO Quit Claim transactions are quite risky, unless you know that the property you want to purchase is well constructed and there are no hidden surprises....

EdandLiz
05-27-2016, 03:27 PM
Your best bet is to contact the Notary office... Real estate transactions are nothing like they are in the states.....

CK1
05-27-2016, 04:12 PM
As others suggested, I would definitely consult a professional like a notary to get the best advice.

Here is some info, just to get a rough idea:

Timeshare Ownership: A "Quit Claim" Deed Explainedhttp://www.vacationtimesharerentals.com/timeshare-tips/timeshare-tips/timeshare-ownership-a-quit-claim-deed-explained.html

starrymoon
05-30-2016, 05:21 PM
Ok... I found out the answer! The closest thing that matches the quit claim is a gift which also has issues in itself due to the current inheritance laws (at least in the case of parents gifting to their child). Better to do a solid purchase agreement and hope for the best!