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Updated almost 11 years ago on . Most recent reply

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Naadhirah Lennon
  • Tampa, FL
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Quit claim deed

Naadhirah Lennon
  • Tampa, FL
Posted

Hello everyone, 

I am a new investor and I came across a foreclosure property and I was doing research on it.  I found that the property was foreclosed on in 4/2014 and in 12/2014 the trust that owned the land did a Quit Claim deed over to another trust. I have never come across this before and I was wondering does the quit claim deed have any effect on the foreclosure? I wouldn't think it would since the quit claim was done after the foreclosure had taken place. I would appreciate any insight you could give. Thanks

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,511
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

well, neither post here above I believe is relevant.  The QCD you're looking at is likely title going from the trustee who foreclosed, to the actual note owner/investor, so yes it is valid and relevant.  It's typical, I see this with properties here going to Fannie that way, after a foreclosure.

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