Legal Question in Real Estate Law in California

Re: selling house

I am not sure what you mean by "quit deed the house." If you refer to a quitclaim deed, then what are you receiving in exchange for your deeding the house to the investor? If it is valuable consideration, then why quitclaim and not grant deed with an escrow? Call me directly at 1.619.222.3504.

Re: selling house

I am assuming that your realtor is suggesting that you "quit claim" the house to this investor--don't do it. Every time real estate goes down, scam artists come out of the woodwork and pull this scheme. If you deed the property to them, they will not be responsible for any loans on the property--those will still be in your name. As a result, you will be in worse shape--you owe on the property loan(s) but you don't own the property! The "investor" will tell you he will make the payments on your loan, etc., etc., but that is BS--if he wants the property, have him get a loan and pay any loans in your name off. Yor realtor is not doing you any favors here. Incidentally, the only reason a house won't sell is because it is priced too high--there is no property, however bad or rundown it might be, that won't sell at SOME price. Maybe your loans are too big for you to be able to lower it to a price which will cause it to sell.