Quit Claim Deed with Short Sale

[Lynn Henley]

Is anyone getting the homeowner to sign over a Quit Claim Deed to you? If so, are you then able to negotiate directly with the bank to get the mortgage reduced?

This would be like a Subject-2 transaction, so does the mortgage stay in the homeowner's name? If so, what are the steps to get the reduced mortgage into your name?

Thanks,

Lynn