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Updated almost 9 years ago on . Most recent reply
![Daniel Smith's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/481432/1621478609-avatar-daniels303.jpg?twic=v1/output=image/crop=2160x2160@0x293/cover=128x128&v=2)
This is crazy
I'm brand new to real estate and I have been chasing pre forclosures leads. Long story short I have someone willing to sign their home over to me with no compensation until I sell it. I have downloaded a quit claim deed and an assignable purchase agreement. The owner of the home is incapacitated and the executor lives in Kansas I live in Denver Colorado do I have to be with them to sign and have the contracts notoraized? Their home goes to auction on March 17th and they owe about 140k on the home according to my online research it's worth somewhere between 220k-308k not sure how value is determined it's a 3 bedroom 2 bath 1096 sqft with a finished basement. I'm broke and I have bills to pay what is my quickest and safest way to money here? How can I proceed? I've been doing this less than a week and I know basically nothing. Thanks for reading any feedback would be fantastic.
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![Richard Bradshaw's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/424305/1621451515-avatar-richardb54.jpg?twic=v1/output=image/cover=128x128&v=2)
If I were you, being so green, I would find someone who has done this and knows how to do it and partner with them. Have them walk you through it. You'll obviously have to give up some profit but consider it an education fee. You'll also gain a mentor who may be willing to help you in the future.