quit clame/deed to trustee
I have been studing short sales and my biggest question is about the process of getting the deed.
First should I be getting a quit claim or a deed to trustee or some other form filled out?
Second do I have to have a notery public there?
Third when should this be recorded and does anyone know the process for recording this in TX
Thank you
Justin
p.s. sorry about spelling claim wrong in title opps<IMG SRC="images/forum/smilies/icon_biggrin.gif"> [ Edited by guy1511 on Date 05/28/2003 ]
You should know that 'grabbing and recording the deed' may invalidate any short sale request. You would still, however, be positioned into purchasing the mortgage at a discount.
Short Sale relief is granted to the Owner/Mortgagor. In the majority of short scenarios, if the mortgagor deeds his/her ownership interest, they won't qualify for short sale relief.
Carpenters' motto: Measure twice, cut once.