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Saved From Foreclosure |
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i am selling my townshome.. the buyer has brought my mortgage up to date and paid 15,000 to the mortgage co... he is planning to repair my property, and sell it to a friend... it was in foreclosure... the buyer is trying to pressure me to sign a quit claim deed, because he is putting his money into the home... and in case anything should happen to me.. should i sign it over... without the closing or the mortgage being satisfied? thank you? |
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The buyer is taking some risks, putting money into someone else's property. You'd be taking a risk if you signed the place over before the mortgage is completely paid off. I haven't seen the contracts you signed, so I can only advise you to get your own real estate lawyer at this point. I realize you don't need any extra expense right now, but one of you at least, you or the buyer, should be having a lawyer look over the whole situation and make sure your interests are protected. |
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Edith
Originally published on September 11, 2007 |
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