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Buying & Selling Real Estate

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Daniel Smith
  • Wholesaler
  • Los Angeles
5
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46
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This is crazy

Daniel Smith
  • Wholesaler
  • Los Angeles
Posted Feb 13 2016, 15:45

I'm brand new to real estate and I have been chasing pre forclosures leads. Long story short I have someone willing to sign their home over to me with no compensation until I sell it. I have downloaded a quit claim deed and an assignable purchase agreement. The owner of the home is incapacitated and the executor lives in  Kansas I live in Denver Colorado do I have to be with them to sign and have the contracts notoraized? Their home goes to auction on March 17th and they owe about 140k on the home according to my online research it's worth somewhere between 220k-308k not sure how value is determined it's a 3 bedroom 2 bath 1096 sqft with a finished basement. I'm broke and I have bills to pay what is my quickest and safest way to money here? How can I proceed? I've been doing this less than a week and I know basically nothing. Thanks for reading any feedback would be fantastic. 

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