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Foreclosures
HomeForumsForeclosuresQuit claim deed after BK Discharge
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Investor
  • from Stockton, California
  • Member since Jan 31, 2014
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Investor
  • from Stockton, California
  • Member since Jan 31, 2014
Connect
Account Closed
  • Real Estate Investor
  • Stockton, CA
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Foreclosures

Quit claim deed after BK Discharge

Account Closed
  • Real Estate Investor
  • Stockton, CA
Posted Apr 19 2014, 14:42
I found someone that had a BK discharge 2 years ago and abandoned the property. The banks have not initiated foreclosure probably due to being so underwater. Would it be a good idea to have the homeowner quit claim the deed to my LLC and then negotiate with the banks for a discounted payoff? Has anyone tried this?
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