Quit Claim Deed Help
My husband and I went to a company that was offering a no credit check, no qualifying, owner option, no money down, on homes in pre-forclosure by means of quit claim deeds.
He tought us how to look up the deeds to these properties, search the title, how to talk to people in pre-foreclosure and eventually get them to sign a quit claim deed over to us. We then would bring the deed back to them after we recorded it with the county recorder, so he can show us how to fill out the county assersors form. Then after all this was done we could either sell it, refinance it to get the equity out of it then sell it, or rent it out.
At the time we were not able to do the leg work, but now we have someone willing to sign a quit claim deed over to us, using the same method he tought us. But his company moved and now we are wondering what to do next after we have them sign this deed.
Can someone help please. I don't want to do something wrong, especially I can't find the person that put this idea in our heads to begin with. We live in Phoenix, Arizona null
How much time does the owner have before the sale date? A less complicated way to do it would be a purchase contract with a short escrow. If he wasn't going to get cash out you could make the purchase contract for all liens and costs associated with title and escrow. Someone else may have a better idea but this is an alternative.
Well when the guy gave us the papers to go off of, which was a packet with houses in forclosure, with the persons name, address, how much the house is worth, how much they are behind and the auction date, which was roughly two months away from the date that we got our listing. So to answer your question, about two months