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All Forum Posts by: Peter E.

Peter E. has started 2 posts and replied 2 times.

Buying & Selling Real Estate

Post: Loan Process - when can you back out

Peter E.Posted
  • Crystal River, FL
  • Posts 2
  • Votes 0

Novice question - If I have a deposit down on a property through a real estate contract and am in the process of securing a loan with a finance company, with the loan application submitted and being evaluated, can I tell the loan company that I've changed my mind? Or am I locked in to take the loan? I may be in this situation as I am just now evaluating the appraisal and the property doesn't seem like such a good deal afterall.

0 Votes
Buying & Selling Real Estate

Post: Quit Claim - ownership transfer ??

Peter E.Posted
  • Crystal River, FL
  • Posts 2
  • Votes 0

If I buy a rental property and it is financed, and I am the sole borrower, can I do quit claim to transfer the property to an investment corporation or anyone else, or can this only be done if own the property with a clear title? Do I need the finance company approval to transfer my interest?

0 Votes