Posted on: 02nd Sep, 2008 01:37 pm
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I am possibly going to quitclaim deed my property to a company who can help me walk away from my investment properties. They state that they can help stop the foreclosure. What type of tax implications and other risks do I face when I assign or quitclaim deed my mortgage to them?
I am possibly going to quitclaim deed my property to a company who can help me walk away from my investment properties. They state that they can help stop the foreclosure. What type of tax implications and other risks do I face when I assign or quitclaim deed my mortgage to them?
Say what??!! They want you to give ownership to them while you remain liable on the debt so they can "help" you. It's a scam. Run away from it.