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Updated almost 4 years ago on . Most recent reply

Jeff A.'s profile image
Jeff A.'s profile image
Jeff A.
  • Investor
  • from Providence, RI
  • Member since Aug 2, 2018
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User Stats

20
Posts
1
Votes
Jeff A.'s profile image
Jeff A.'s profile image
Jeff A.
  • Investor
  • from Providence, RI
  • Member since Aug 2, 2018
Connect
Jeff A.
  • Investor
  • Providence, RI
1
Votes |
20
Posts
Buying & Selling Real Estate

Buying a Property with a Bargain & Sale Deed :o

Jeff A.
  • Investor
  • Providence, RI
Posted

Ive been investing in real estate for the last 6 years and have encountered something entirely new.

A Bargain & Sale deed

Anyone have any experience with these or can enlighten me?

The Story:

I got tipped off on a local property that was in foreclosure and selling for an irresistible price off market... 

Ive just been told that it will be a cash only quit claim bargain & sale transaction. I informed my lawyer and he said he doesnt want to be involved as bargain sales dont really protect the buyer.

What are the pros and cons? Will I be vulnerable? 

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