How Do I Get A Quit Claim?
Help!
I am close to getting my first deal. The skinny on the details are:
The seller is losing the home in foreclosure (scheduled for 7/13/18)
I have offered to reinstate her loan in exchange for a quit claim and I will take over her loan until I have flipped it. Because there is sufficient equity we have offered to pay her some $ also.
How do I get a quit claim? In order to protect myself I assume I need to record it before I reinstate the loan right? Time is of the essence because it is scheduled to foreclose in 10 days.
At what point during the transaction do you recommend the seller gets paid?
All comments and thoughts are appreciated!