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Updated about 7 years ago on . Most recent reply presented by

Account Closed
0
Votes |
5
Posts

Quit claim for a first timer

Account Closed
Posted

I have a good friend who recently retired from active duty, and is preparing to relocate to another state. His current residence was new build using VA, roughly 4 years ago.

He has no interest in sitting on market and wants to get out of the mortgage asap to free up the payment when he gets where he's going.

I think the correct action is to offer and explain a quit claim deed, and ensure he fully understands that hes leaving a fair amount of money on the table.  His immediate need outweighs the long term. 

I want to ensure that he gets out of the property, and I will/can float the mortgage and sell the place within 90 days. 

Am i missing something, or is this the correct way to go?

Thanks in advance for the feedback.

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