"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.

The current lending environment pretty much nailed it shut.If you're graduating from dental school, and have a solid location, you just might get a loan to start your practice.

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.

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.).

Some banks have a standard procedure to always counter with what the bpo came in at.

I got to go through all those procedures.