Quiclaim deed

*In order to protect the_mselves, *some homeowners require that the buyer-* make their monthly payments/ into an escrow account *held by a *bank or other lending inst-*itution, and they requi/re the /borrower to p*lace a Quit Claim De/ed into the esc*row account with instruct*ions that if a payment is late by a certain* number of days then the esc*row officer will automat*ically file the *Quit Claim -Deed, restoring the hous*e to the for-mer owner i*nstantly.