QUESTION ABOUT QUICK DEEDS - Posted by Rodd

import · February 28, 2007, 1:48pm

Posted by Max-Va on March 01, 2007 at 06:25:09:

She is buying the house subject-2. She gets the property deeded to her with a quit claim deed, not a quick deed. The mortgage never goes into her name but she just makes the payments. She needs to be in a position to refi incase the lender would call the note due, possible but unlikely if payments are made on time.
She should get a warranty deed instead, go to a local attorney or title company to close this and buy title insurance because of many leins could be attached to the property, that would be hers to pay along with the mortgage. This has been discussed many times here so search the archives for sub2. Welcome to the world of creative real estate finance.

import · February 28, 2007, 1:48pm

Posted by Rodd on February 28, 2007 at 14:48:49:

Ok, here is the deal. How ever this is happening, my girlfriends, moms,
boyfriend has a home in atlanta thats about to go into foreclosure. The guy
was about to sale the house to someone for 2000 bucks. Two Thousand. Ok,
so now she is suppose to be buying the house because he cant afford the
mortgage, and the mortgage is 3 payments behind.

My question is, how is my girlfriend going to get the house to officially be
hers? Is that called a quick deed? Thats what she said it is. ALso, what about
the mortgage? I guess she takes over the new mortgage? Does she have to be
approved for this mortgage, or does the mortgage just instantly go into her
name?

Is this even a quick deed that she thinks she’s getting into ?

The home is suppose to be worht like 200K .

Your thoughts pleaseOk, here is the deal. How ever this is happening, my
girlfriends, moms, boyfriend has a home in atlanta thats about to go into
foreclosure. The guy was about to sale the house to someone for 2000 bucks.
Two Thousand. Ok, so now she is suppose to be buying the house because he
cant afford the mortgage, and the mortgage is 3 payments behind.

My question is, how is my girlfriend going to get the house to officially be
hers? Is that called a quick deed? Thats what she said it is. ALso, what about
the mortgage? I guess she takes over the new mortgage? Does she have to be
approved for this mortgage, or does the mortgage just instantly go into her
name?

Is this even a quick deed that she thinks she’s getting into ?

The home is suppose to be worht like 200K .

Your thoughts please

import · August 10, 2007, 3:03pm

Re: QUESTION ABOUT QUICK DEEDS - Posted by Gail Andrews

Posted by Gail Andrews on August 10, 2007 at 15:03:16:

My husband would like to take his name off of the deed to our house, because my credit is good and he has none. How can we do this?