Can I Do A Short Sale With Just A Quit Claim Deed?

[Ibrahim Hughes]

hi everyone. I have a property owner who just wants to deed me his property for a fee and have me do the short sale without his involvement at all. Are banks open to such Arrangements? Anything I need to look out for?

[Brett Goldsmith]

Borrower needs to be involved to complete a short sale. 

If you take title you may as well kiss your chances of buying it good bye. Not sure why you'd want title for a fee to an underwater property unless if you have another agenda and borrower doesn't care about credit or liabilities.