Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
Quit Claim it or forget the deal
I tracked down the seller for this property I want. He will sell me the property for $500 bucks but only as a quit claim deed. I checked the property and it needs about 30K in repairs. My concern is there is a mortgage release on the property that I can see from the paperwork is a mistake but I don't know how to fix it. If it is a quit claim deed then I know I am responsible for all of the paper work. Is this problem hard to fix and how costly is it to fix it? Anyone know of a good real estate attorney in Chicago, IL?