Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago on . Most recent reply
Quit claim for a first timer
I have a good friend who recently retired from active duty, and is preparing to relocate to another state. His current residence was new build using VA, roughly 4 years ago.
He has no interest in sitting on market and wants to get out of the mortgage asap to free up the payment when he gets where he's going.
I think the correct action is to offer and explain a quit claim deed, and ensure he fully understands that hes leaving a fair amount of money on the table. His immediate need outweighs the long term.
I want to ensure that he gets out of the property, and I will/can float the mortgage and sell the place within 90 days.
Am i missing something, or is this the correct way to go?
Thanks in advance for the feedback.