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Updated over 10 years ago on . Most recent reply

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Patrice Westbrooks
  • Gainesville, GA
0
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3
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loans

Patrice Westbrooks
  • Gainesville, GA
Posted

hi

Just had a lady give me a house shes going to quit claim to me my credit score is bad so im having trouble with conventional loans where do I go to

get the money to purchase and rehab? im buying for 70000 they owe 50000 and house is worth 200000 Their is plenty of equity. How do I gain possession and get cash back at closing?

Most Popular Reply

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Sign a contract for a Warranty deed, not a QCD, with clear title. Was the QCD your idea, or hers. People wanting to give a QCD usually know there's a problem somewhere. Wholesale it.

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