What Can I Do Flip Or Purchase?
I have a quit claim property that I got a few months ago. It has been registered. Someone else hold the mortgage on the property. I helped them from going into foreclosure. They are not paying me back the money I let them borrow to keep the house from being auctioned. They live in the house. Do I have to have anything else beside the quit claim deed to purchase the house? If I want to quit claim the house to someone else could I do that? :-(
Welcome to the family of TCI!
Sorry to see that your deal did not go well.
Question: Do I have to have anything else beside the quit claim deed to purchase the house?
Answer, not really since signing a Quit Claim Deed gives up ownership and associated rights and responsibilities of the subject property. At this point you could legally evict
Question: If I want to quit claim the house to someone else could I do that?
Answer, Yes you can.
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