Updated about 9 years ago on . Most recent reply
Quit claim deed - mortgage behind
Hello, I found out about bigger pockets recently through one of Brandon Turners's books. So I have a situation where a friend of my fathers is behind on his mortgage. He is willing to quit claim the property to me. I can afford the monthly payment, its remaining balance is 350k in area going for 500k. I don't have a ton of money saved up. I was wondering if anyone would have a clue how I can save this property. It seems like a good deal. I did see the mortgage is not assumable. Right now any advice is extremely helpful.