Otherguy-- I'll do some looking in to the quit claim deed. Thanks for the suggestion. BTW, I agree re: the THINK comment! I guess the response is that I am not at all offended by you saying that, I just wish there were a decent primer on personal finance that people would have to study and pass like a driver's license, in order to avoid being turned loose in the world to screw up royally by trial and error.
Can you recommend some good places to start studying?
Ben/Felonious Monk/Fignozzle
Please be aware that the situation with a quit claim deed is not ideal for a buyer. A late payment, returned check, whatever would be a default and the buyer loses the house without recourse.
Using trust deed financing (note secured by trust deed) is much safer for a buyer than the above mentioned situation with a quit claim deed. My first message mentioned the finacing using a quit claim deed as a warning because it's commonly done in parts of the south east.