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Updated about 1 month ago on . Most recent reply

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Bobby Paquette
  • Real Estate Agent
  • Charleston, SC
84
Votes |
215
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Buying the neighbors house Quick

Bobby Paquette
  • Real Estate Agent
  • Charleston, SC
Posted

Have a friend who wants to buy his neighbors house. He would need to sell his to qualify, his neighbor is going to be unreachable after the next few days, for the foreseeable future and just wants to offload the property or else it would go to foreclosure. Neighbor bought it new last year and doesn’t have much equity. Quit claim deed to my friend who takes over mortgage Payments then list his for sale asap? Then refi the loan into his name?

How would you make this happen? Never came across this before. I am an agent here

  • Bobby Paquette

Most Popular Reply

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1,170
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Ken M.
  • Investor
  • San Antonio, Dallas
691
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Ken M.
  • Investor
  • San Antonio, Dallas
Replied
Quote from @Bobby Paquette:

Have a friend who wants to buy his neighbors house. He would need to sell his to qualify, his neighbor is going to be unreachable after the next few days, for the foreseeable future and just wants to offload the property or else it would go to foreclosure. Neighbor bought it new last year and doesn’t have much equity. Quit claim deed to my friend who takes over mortgage Payments then list his for sale asap? Then refi the loan into his name?

How would you make this happen? Never came across this before. I am an agent here

Unreachable means big problem. 

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