I have had a few owners insist on a quit claim because they believe that is the same as selling as is, they do have good title just don't want any left over problems, specifically related to condition and believe that is the best way to do it.Of course the others nailed it on the head about quit claim deeds, but once in a while they are useful, divorces, ex-heirs, etc. so don't throw out their use totally.

In 2011, my company's 'root cause' for evictions and abandonments were job loss, health related, and domestics (divorce, separation, etc.) in that order.

Not related to mortgage brokering, they're just providing servicing to add credibility, convenience, and on-line tools.

- I don't have a license, can I still manage property for my relative and get no financial compensation for it?

Freddie Mac, page 79 of their latest 10-Q says "Our REO property inventory declined 17% from December 31, 2010 to September 30, 2011, primarily due to a decline in the volume of single-family foreclosures caused by delays in the foreclosure process, including delays related to concerns about the foreclosure process, combined with continued strong levels of REO disposition activity during the period."

If you're using the price you paid, you should be able to do this relatively quickly.

My name is jeremy, and im a relatively new member of this greatly appreciated and informative site.

I would create a relative ratio to that concept which is fair and produces you a return.

@Richard Warner I believe a "double close" is related to this situation in which the title companies I talked to couldn't perform.

Crunching numbers and hoping that I can get an offer accepted and when I do, hoping my relatively small buyers list will actually have someone that will buy the property.