1st deal & quit claim deed help - Posted by Cameron

Real Estate Investing Real Estate Gurus
1

Posted by Bill K. (AZ) on September 12, 1999 at 16:05:25:

Cameron,

Newsgroup I is dedicated to answering personal questions on transactions. Try posting this one over there. You might get a better response.

Go to the top of this page and, in the paragraph that starts “Please Note:”, click on News Group.

Bill K. (AZ)

2

1st deal & quit claim deed help - Posted by Cameron

Posted by Cameron on September 10, 1999 at 19:26:06:

ok i am hoping to buy my first house that is scheduled to auction on 10/27. deed date: 11/13/79. purchase price 40,700 current balance is 30,718.61 @11.5%. in a very nice part of town. so i know it will have very good resale value & have very good profit if i sell.

I live in colorado. this is my plan tell me what u think & help me fill in the gaps…

  1. get real estimate of property value (should i do this)
  2. get owner to agree to move out immediatly & sign qcd
  3. get qcd notorized
  4. do my notice of intent
  5. make all back payments & fines to public trustee
  6. file everything at recorders office
  7. move in to the house & make payments (how do i find out
    loan # & how much to pay?)
  8. re-fi in my name

i got all my info from various books in the library so i would appreciate any help if this is process is incorrect.

if i dont have the money to pay off all fines can i sell the qcd to an investor so i have zero out of pocket expenses?

is there a course here or anywhere that someone could recomend in this area?

thanx
cameron