Quit Claim or Sales Contract on pre-forclosure?
I've read, so far, the articles on short sales and understand that a simple sales contract is used to show what I am willing to pay for his property before I negotiate with the bank. Can a quit claim be used? If not then can anyone e.mail me a form that they use for the sales contract? Thankyou. skweg1@gte.net">skweg1@gte.net
skwe-g 
When you short sale, you are negotiating with the bank to take a discount on a mortgage so that you can purchase it at a lower price. You cannot use a quit claim deed when you do this. You have to use a Sales contract because you are purchasing the property from the homeowner.
NOTE: Pre-foreclosures and short sales are not the same thing. Pre-foreclosure investing is investing in properties before they go to the foreclosure auction. Short Sales is a technique that is one of the strategies of pre-foreclosure investing.
Tanya
skwe-g,
Glad to meet you.
I can see you are not even on 'Information Overload' yet, because you are only in the totally confused stage.
If someone e-mails you a form, should they include crayons also.
Here is what you need to do, read some of the posts here at TCI, read Articles by some of the top pros in the business. Choose what investing method you believe is right for you, after gaining a basic understanding of real estate investing.
After you have done this and learn that asking for non State Specific Forms or Forms that are not lender approved by different lending institutions, I will be the first one to help you.
Welcome on board this board, spend some time doing your due diligence on the different methods of investing.
John $Cash$ Locke
Hey John and Tanya you guys are sooooooo helpful!!!
Just wanted to share that.
Gary