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Updated almost 14 years ago,

User Stats

359
Posts
199
Votes
Michael G.
  • Wholesaler
  • Bay Shore, NY
199
Votes |
359
Posts

Can owner QuitClaim Deed property to me?

Michael G.
  • Wholesaler
  • Bay Shore, NY
Posted

Husband and spouse bought property together. Spouse and husband divorced. Husband died. Spouse is still on deed and mortgage. Mortgage is/was with Argent Mortgage Company which is long gone. Spouse really wants nothing to do with the property. Can I offer her a few bucks to quitclaim deed the property to my corporation or to a trust and take ownership? I understand that there is no warranty on title but wouldnt it be a good way to take control of the property from an investors standpoint? The property is distressed but in a fairly good neighborhood. What is my exposure in this situation?

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