Posted on: 01st Jul, 2011 08:04 am
i saw on add in which the american standard company helps people get into homes by using the quit claim deed process to transfer ownership from a home that is in the proces of being foreclosed (or pre-foreclosed) homes to (basically) anyone who pays the $199 amount. does anyone have any thoughts and/or advice?
Sounds like a scam. How could you become an owner of a property for $199...? If the home is a foreclosure or pre-foreclosure, then there is a loan against it. You would have to pay off the liens against the property. You would not just buy a mortgaged property for $199
Welcome jshcarla,
I completely agree with what Chris has said. This is a scam. If you sign a quitclaim deed and transfer the property to someone else, then that person will become the owner of the property. If you're facing foreclosure, you should contact your lender and apply for a loan modification in order to save it.
I completely agree with what Chris has said. This is a scam. If you sign a quitclaim deed and transfer the property to someone else, then that person will become the owner of the property. If you're facing foreclosure, you should contact your lender and apply for a loan modification in order to save it.
