Can owner QuitClaim Deed property to me?
Husband and spouse bought property together. Spouse and husband divorced. Husband died. Spouse is still on deed and mortgage. Mortgage is/was with Argent Mortgage Company which is long gone. Spouse really wants nothing to do with the property. Can I offer her a few bucks to quitclaim deed the property to my corporation or to a trust and take ownership? I understand that there is no warranty on title but wouldnt it be a good way to take control of the property from an investors standpoint? The property is distressed but in a fairly good neighborhood. What is my exposure in this situation?