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Updated almost 14 years ago,
Can owner QuitClaim Deed property to me?
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?