Investor wants me to sign a quick claim deed subject to... - Loan Modification Forum

cahomeowner · 03-31-2009, 10:11 AM

I have a property in florida that I have been trying to sell for over a year. there is a hearing set for april 8 2009 and we do not have a solid offer on the table.

an investor has asked me to sign a quick claim deed contingent upon him getting the note bought at a discount acceptable to him.

do you think I should sign a quick claim deed? what do I need to know about this type of transaction? what are the risks? if I decide not to do it then how do I get an extension at the hearing so we can have more time to get some offers in?

thank you

Marshall Rosenbach Esq. · 03-31-2009, 11:04 AM

I am always wary of investors coming in to save the day. You definitely should get legal advice concerning the proposal made by the investor. I cannot help you without knowing what kind of court hearing you have coming up, what exactly is the transaction you are involved in, etc. If you want, you can email me the particulars.

03-31-2009, 10:11 AM	#1 (permalink)
cahomeowner Senior Member Join Date: Oct 2008 Posts: 162 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Investor wants me to sign a quick claim deed subject to... I have a property in florida that I have been trying to sell for over a year. there is a hearing set for april 8 2009 and we do not have a solid offer on the table. an investor has asked me to sign a quick claim deed contingent upon him getting the note bought at a discount acceptable to him. do you think I should sign a quick claim deed? what do I need to know about this type of transaction? what are the risks? if I decide not to do it then how do I get an extension at the hearing so we can have more time to get some offers in? thank you

03-31-2009, 11:04 AM	#2 (permalink)
Marshall Rosenbach Esq. Real Estate & Mortgage Law Attorney Join Date: Jan 2008 Posts: 88 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Investor wants me to sign a quick claim deed subject to... I am always wary of investors coming in to save the day. You definitely should get legal advice concerning the proposal made by the investor. I cannot help you without knowing what kind of court hearing you have coming up, what exactly is the transaction you are involved in, etc. If you want, you can email me the particulars. __________________ Law Offices of Marshall E. Rosenbach Please call me anytime at (561) 627-8990 www.FloridaLoanLaw.com The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Licensed to practice law in the states of California & Florida.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode