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Re: Pre-foreclosure Deal and Quit Claim Deed in Georgia

Posted by Ward-CA- on April 08, 2002 at 1:59 PM

In Reply to: Pre-foreclosure Deal and Quit Claim Deed in Georgia posted by sinclair st james on April 08, 2002 at 6:43 AM

: Hi,
: I am currently working on a deal where the owner have agreed to quit claim the property to me. The loan of course is still in her name. What I plan on doing is wholesaling the property to another investor. Their is enough equity in the home for a win-win situation. Besides providing the quit-claim deed and a sales contract to the "new buyer" what else would I be responsible for providing prior to and at the closing. Should I provide my own closing attorney in this case, or allow the "new buyer"/investor to provide the attorney? The home will be foreclosed on soon. I have performed one "assign to", but have never been armed with a quit-claim deed. I believe this takes the old owner out of the deal or does she still need to attend the closing. Can someone please help me in figuring out the best strategy.

: Thanks in Advance

: Sinclair



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