Real Estate Law
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Good afternoon, and thanks for using Just Answer. What you want to do is have the buyers sign a Quitclaim deed conveying their interest in the real estate to you. If there is any possibility that the buyers may have significant equity built up in the property, then a side agreement whereby they represent they understand what they are giving up by deeding the home back to you and that they are voluntarily and with full knowledge, relinquishing any such claims to an equity in the property. Depending on how much money is involved in this situation, you might want to have a local attorney review it, because the case law on this subject varies from state to state.
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