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Updated over 6 years ago on . Most recent reply

User Stats

64
Posts
15
Votes
Patricia Mangham
  • Investor
  • West Palm Beach, FL
15
Votes |
64
Posts

Anyone used quitclaim deed for closing on REO in Connecticut?

Patricia Mangham
  • Investor
  • West Palm Beach, FL
Posted

I've done regular wholesale deals but haven't done REOs yet. I have few REOs I'm about to make offers on  however banks does not accept assignment. Besides double closing, has anyone had any  experience on doing this with quitclaim deed right after closing and exchanging your commission fee with buyer. I read the  biggerpocket article about it and seems to be a smooth process, however not sure if it will actually be this smooth doing it myself.  I will be doing a few of them I don't want to be raising a red flag anywhere with banks. Thank you for your input

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