Although it appears redundant to undertake such a procedure since the buyers will most likely have their own home inspection services before deciding to buy a home.

"Quit Claim off" is not a term or a procedure I am familar with.

(g) Sections 580a, 580b, 580d, and 726 of the Code of Civil Procedure do not apply to any action brought under this title. 892.

What is the proper procedure?

I've spoken to some investors from NYC and they suggested since my funds are limited and my credit is bad that my best options right now would be to assign several contracts to other investors.How dificult will it be If I'm trying to assign a contract in a state that I don't live in, what are some of the procedures in getting the right paper work in motion.

Like Jeffrey stated if you follow a set procedure you will very rarely lose.

Nc Mark,I have a friend that does data analysis for the prison system here in California.Recidivism rate is 80-90 % depending on who you ask.70k per inmate PLUS medical costs, (this information is a few years old) in a system where hepatitis.AIDS and TB are rampant.90 some percent of people in prison in California at least, are there for drug related crimes with the attendant drain on court systems, social services etc. tTe cost is staggering and has absolutely no effect on the use of drugs.The largest cash crop in California is green and smells like skunks but it is completely untaxed.

Also, I have become fairly knowledgeable in short sale procedures and what a lender will or won't accept so I would suggest this to you..tell the lender exactly what you plan and see what they say.

Actually a better question is: why are many commercial RE investors currently gravitating towards apartments and medical offices?

So to explain more fully what happened: I sent an offer on this foreclosed property without a deadline (probably a mistake, but my real estate agent advised me not to give a deadline since we are dealing with a bank and they have their own procedures, etc.).