Selling by quit claim? (Canada)
This is just a curiosity question. We're looking to buy a cottage in Nova Scotia and one was just posted today with the caveat:
"Transfer is by Quite (sic) Claim. Being sold on an `As is/Where is` basis. All offers must be left open for 72 hours. All offers mush have a completed and signed `Shedule A` (sic). See documents for attached schedule."
I've seen this twice before on cottages. I'm not interested in this particular cottage but I was wondering what kind of circumstances would lead someone to post this kind of ad? Is it a bank foreclosure? A contested estate? What kind of buyer would go for it?