Have You Ever Been Offered A Quit Claim Deed?

Years ago one of my friends was driving up to his income property. There was a guy painting the side of the building. This surprised him, but he had empowered his property manager to have the place painted so he didn't get too concerned. He was there to collect rent, so it wasn't long before he learned that there was definitely something to be concerned about. What he didn't know was that he wouldn't be able to resolve the situation with a phone call.

My friend learned from his renters that the man painting the building had “bought” the building. He had also raised the rent across the board because the people living in the building were all month to month renters. He then learned that the property manager had “sold” this guy the building through a “quit claim” deed.

The next months are like a blur – finding out that your property manager, who is living on the property to care for it the building in exchange for reduced rent – has signed a quit claim deed on the property that you own and are paying taxes on – to someone else.

You'd think that this was a rare occurrence, but it actually happens more than you would think. Today, Laurence Fishburne had to get a restraining order to deal with a crazed fan who told Fishburne's family he was going to evict them, and it made me think about this situation.

In the end the guy painting the wall got nothing, the property manager was discredited – I do not believe that he was arrested or spent time in jail – he may have paid a fine. The real owner was in shock, and his wallet was a bit lighter after resolving the issue.

If you want to buy some property, you really want a warranty deed. You want to make sure the person selling the property has the right to convey the property to you, and you want to purchase title insurance to make sure the title on the property is clear and clean without encumberances, or bills that have to be paid.

I'm happy to walk you through the process, don't let this happen to you....

From Huffingtonpost.com

LOS ANGELES — Laurence Fishburne has been granted a temporary restraining order against an ex-convict who claims to own the actor's home and went there on New Year's Day to try to evict him.

The order requires Anthony Francis, whose real name is Mark Francisco, to stay 100 yards from the Oscar-nominated actor and his wife and daughter.

Francisco was sentenced to serve two years in state prison on a cyberstalking conviction in 2010, and court records show he spent time in a state mental hospital for that case. He pleaded no contest to cyberstalking after being found competent to stand trial.

Francisco went to the Oscar-nominated actor's home Jan. 1 and told Fishburne's wife that they were living there illegally. Police were called and based on Francisco's agitated demeanor and criminal history, they advised Fishburne to seek a restraining order, the court filings state.

Francisco also left a handwritten letter threatening to evict the Fishburnes and called police in recent days to try to get them to leave, the filings state.

ttempts to reach Francisco for comment were unsuccessful.

Fishburne and his wife, Gina Torres Fishburne, have owned their home for 10 years, his filing states.

"This is a case of stalking, and the judge had no problem in issuing a temporary restraining order to stop it," Fishburne's attorney Donald Etra said.

Francisco has a 1993 conviction for burglary in San Diego, court records show.

The order temporary restraining order was granted Thursday. A court hearing on a three-year restraining order is scheduled for Jan. 23.

Fishburne starred in "The Matrix" series and was nominated for a best actor Academy Award in 1993 for "What's Love Got to Do with It." His wife is an actress, appearing in "24" and other television series.

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