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Updated over 9 years ago,

User Stats

6
Posts
0
Votes
Debra Steward
  • Wholesaler
  • Chicago, IL
0
Votes |
6
Posts

Quit Claim it or forget the deal

Debra Steward
  • Wholesaler
  • Chicago, IL
Posted

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?

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